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 …
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
