Saturday 19 May 2012

All posts tagged POSCO

POSCO-Samsung and CJ battle over Korea Express

According to JoongAng Daily, the POSCO-Samsung SDS consortium submitted its final bid for Korea Express yesterday, officially pitting itself against CJ Group for the 37.6 percent stake sale, while Lottle Group dropped out of the bidding. If the POSCO-Samsung SDS …

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Last call for final bids on Korea Express

According to Maeil Business News, the creditors of Korea Express (KOREX), South Korea’s largest logistics company by revenue, will select a preferred bidder for the 37.6 percent stake

Daewoo Intl. plans to sell Kyobo Insurance

Daewoo International, now part of POSCO Group, is planning to sell its 24 percent stake in Kyobo Life Insurance which is valued at about 1 tn won ($931

Korea Express running behind schedule

JoongAng Daily has reported that the sale of Korea Express has been delayed due to differences in opinion amongst major shareholders and bidders on the inclusion of the

Buffett looks to further investments in S. Korea

Local news media, Yonhap News Agency, reports that Warren Buffett signaled that he may invest more money in the local company TaeguTec, which is controlled by Buffett’s investment

NPS and POSCO acquire shares in Brazilian rare earth miner

China’s increasingly tighter controls on its exports have pushed the Korean government to seek other sources of rare metals. The government aims to increase the country’s rare metal

POSCO’s acquisition of Daewoo International receives approval from antitrust watchdog

The Korea Fair Trade Commission has approved POSCO's acquisition of a 68.15% stake in Daewoo International, reported Money Today. The report credited the information to the regulator. As reported, Korean

POSCO acquires Daewoo International for U$2.8 billion

POSCO, the South Korean steelmaker, announced today, August 30, it signed a deal with Korea Asset Management Corp. (KAMCO) to acquire Daewoo International for KRW 3.37 trillion ($2.8

POSCO to close Daewoo International deal

POSCO, the preferred bidder in the sale of Daewoo International, will likely sign on a final contract on 30 August, reported Money Today. The report cited several sources close

PEFs interested in Kyobo Life stake

Private equity funds Carlyle and Affinity, along with some Hong Kong-based investors, are in talks to acquire 24% stake in Kyobo Life, an unlisted South Korean insurer, reported

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