POSCO steelmaking acquisition?
We reported in our blog on 13th August that POSCO may be contemplating an acquisition in the shipbuilding sector. Although this idea is apparently not yet dismissed, industry press comments now also centre on POSCO making a steelmaking acquisition.
'In line with the M&A trend in the global steel industry, we are thinking of embarking on overseas M&As' Posco Chief Executive Lee Ku-taek was quoted as saying, according to Edge Daily.
'We're looking at a steel maker in Asia including China. We are closely studying a specific target and timing' say the industry reports.
Expansion and company growth thus seem firmly on the agenda of the South Korean steelmaker.
blogger@steelonthenet.com
'In line with the M&A trend in the global steel industry, we are thinking of embarking on overseas M&As' Posco Chief Executive Lee Ku-taek was quoted as saying, according to Edge Daily.
'We're looking at a steel maker in Asia including China. We are closely studying a specific target and timing' say the industry reports.
Expansion and company growth thus seem firmly on the agenda of the South Korean steelmaker.
blogger@steelonthenet.com
posted by sotn @ 7:50 AM permalink
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