South Korean steelmaker POSCO has announced its decision to spin off its steel business and transform it into a holding structure.
The restructuring plan for the unbundling of the steel business at POSCO Holdings was approved by the POSCO board of directors on December 10, and POSCO Holdings will own 100% of the steel business.
The plan will be subject to final approval at the shareholders' meeting on January 28, 2022, and the division of the world was expected to occur on March 1, 2022, if approved.
The restructuring of POSCO was aimed at accelerating the growth of new businesses.
POSCO announces transformation into a holding
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Azovpromstal® 20 December 2021 г. 13:11 |