DivestmentAug 7, 2026, 07:53 AM
POSCO Holdings to Divest KRW 2.02T Stake in POSCO International
AI Summary
POSCO Holdings Inc. announced its decision to transfer 36,434,963 shares of its affiliated company, POSCO International Corporation, for a total value of KRW 2,018,496,950,200. This divestment aims to reduce the holding company discount and secure funds for strategic investments to enhance corporate value. Following the transfer, scheduled for September 7, 2026, POSCO Holdings will retain a 50.0% shareholding in POSCO International and will also enter into a Price Return Swap contract related to the disposed shares.
Key Highlights
- POSCO Holdings to transfer 36,434,963 shares of POSCO International.
- Total transfer value is KRW 2,018,496,950,200.
- Purpose: Reduce holding company discount and secure funds for strategic investment.
- Scheduled transfer date: September 7, 2026.
- Shareholding ratio in POSCO International after transfer will be 50.0%.
- Company will enter into a 3-year Price Return Swap (PRS) contract.
- PRS reference price: KRW 55,400 per share.
Price Impact
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