Marine Link
Sunday, December 4, 2016

POSCO,GS Group to Make Joint Bid for Daewoo

October 10, 2008

POSCO and GS Group said they are teaming up in the race to buy Daewoo, Reuters reported.

POSCO, the world's fourth-largest steelmaker, and GS Holdings (078930.KS), the holding company for energy-to-construction group GS, said they were forming a consortium to bid for Daewoo.

A 50.4 percent stake in Daewoo is being sold by top shareholders including Korea Development Bank.

Cash-rich POSCO (PKX) had been considered as a strong candidate even alone but some analysts had been skeptical about benefits from a steel-shipbuilder combination.

Source:  Reuters



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News