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News POSCO sells POSFINE for US$27.5m

POSCO sells POSFINE for US$27.5m

Written by Global Slag staff
02 January 2015
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South Korea: South Korea's steelmaker POSCO has offloaded its shares in POSFINE Co, a slag powder producer, to a private equity fund for an estimated US$27.5m.

Under the deal, POSCO sold its 69.22% stake in POSFINE to Hahn & Co. The move came two months after POSCO had opened talks with the fund in line with its reorganisation efforts. Hahn & Co also reportedly plans to acquire the remaining shares in POSFINE from Tongyang Cement & Energy Corp, Lafargehalla Cement Corp and SSangyong Cement Industry Co.

Published in Global Slag News
Tagged under
  • South Korea
  • POSCO
  • POSFINE
  • slag powder
  • acquisition

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