Posted on 15 Aug 2014
South Korean steelmaker POSCO said on Thursday it was in
talks to sell its specialty steel unit to SeAH Besteel - a move that would help
bolster its balance sheet.
POSCO owns a 72.1 percent stake in unlisted POSCO Specialty
Steel. The holding would be worth 746 billion won ($730 million) based on the
28,700 won per share price the unit paid for some of its treasury stock earlier
this year.
