Posted on 08 Oct 2009
The price and the size of the stake have not been decided, Posco spokesman Choi Doo Jin said yesterday.
Posco, which already owns 15% of Thainox, is seeking to acquire the remaining 85% for as much as 500 billion won (14.3 billion baht), the Korea Economic Daily reported, citing unidentified industry executives.
Thainox chairman Prayuth Mahagitsiri declined to comment when contacted yesterday by Reuters.
Shares of Thainox, rose 6.5% yesterday on the news, closing at 1.48 baht, in trade worth 30.7 million baht.
