DivestmentAug 7, 2026, 07:57 AM
POSCO Holdings to Divest 23.39M Shares of POSCO DX for KRW 481.7B
AI Summary
POSCO Holdings Inc. announced its decision to dispose of 23,385,917 shares of its affiliated company, POSCO DX COMPANY LTD., for approximately KRW 481.7 billion. This divestment aims to reduce the holding company discount and secure funds for strategic investments to enhance corporate value. Following the disposal, POSCO Holdings will retain a 50.0% stake in POSCO DX. The company will also enter into a 3-year Price Return Swap contract related to these shares.
Key Highlights
- POSCO Holdings to dispose of 23,385,917 shares of POSCO DX COMPANY LTD.
- Disposal amount totals KRW 481,749,890,200 (approximately KRW 481.7 billion).
- Post-disposal, POSCO Holdings will hold 76,017,365 shares, representing a 50.0% stake.
- The divestment aims to reduce holding company discount and secure funds for strategic investment.
- Company will enter a 3-year Price Return Swap (PRS) for the disposed shares.
- The disposal represents 0.77% of POSCO Holdings' total consolidated equity.
Price Impact
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