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 steel giant POSCO has signed an agreement to acquire 68.15% in Daewoo International, the listed South Korean importer and wholesaler, for just over KRW 3.37trn (USD 2.84bn).
Source: Money Today
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