POSCO International and POSCO Energy Merger 추진

[Asia Economy Reporter Kim Young-won] POSCO Group is pushing forward with the merger of its subsidiaries POSCO International and POSCO Energy.

According to industry sources on the 20th, the corporate valuation process for the merger of POSCO International and POSCO Energy, subsidiaries of POSCO Holdings, is currently underway.

For the two companies to merge, they must go through procedures such as board of directors' approval and a shareholders' meeting in the future.

POSCO Holdings is the largest shareholder of both POSCO International and POSCO Energy, holding 62.9% of POSCO International's shares and 89.0% of POSCO Energy's shares, respectively.

There is talk of POSCO International absorbing the unlisted company POSCO Energy through a merger, but the key issue in the merger is expected to be the 'merger ratio.'

POSCO International is engaged in businesses such as trading steel products, energy, and investments. POSCO Energy operates in power sales, leasing of liquefied natural gas (LNG) terminals, and sales of fuel cell power generation facilities.

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