Posco Holdings to divest W2.5tr worth of shares in 2 affiliates

Posco Holdings, the country's leading steelmaker, said Friday that it plans to sell a combined 2.5 trillion won ($1.76 billion) worth of shares in two of its affiliates. In a regulatory filing, Posco Holdings said it plans to divest 2 trillion won worth of shares in Posco International and 500 billion won in POSCO DX. The share sell-offs will be made on Sept. 7, according to the filing. The disposal of shares in the affiliates is aimed at securing investment funds and boosting corporate value, P

By The Korea Herald