POSCO to Sell Pos Plaza

Wednesday, October 01, 2008

According to reports, POSCO has decided to sell Pos Plaza commercial skyscraper to a based fund company. The price of the building is reported to be over $400 million. POSCO has denied the speculation that it wants to secure the cash needed to acquire Daewoo Shipbuilding and Marine Engineering from the government and said that it is only for securing cash flow.

Source: Steel Guru

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