South Korea’s POSCO Engineering & Construction Co. will issue new shares at $356.8 million to a special purpose company set up by Saudi Arabia's Public Investment Fund (PIF), Reuters has reported citing a statement from POSCO.

 

POSCO Engineering is 90 percent-owned by South Korean steelmaker POSCO Ltd., which has been planning to divest due to the steel market downtrend.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request