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POSCO Holdings Inc. announced the disposal of 23,385,917 shares in its affiliated company, POSCO DX Company Ltd., for…
PKXPosco Holdings Inc.
POSCO Holdings Inc. announced the disposal of 23,385,917 shares in its affiliated company, POSCO DX Company Ltd., for approximately KRW 481.7 billion (roughly $360 million USD). The transaction aims to reduce holding company discount and secure funds for strategic investments. Following the sale, POSCO Holdings will retain a 50% stake (76,017,365 shares) in POSCO DX, which operates in IT services and engineering. The disposal is scheduled for September 7, 2026, via after-hours block trading or OTC methods. To hedge price risk during the three-year contract period, the company will enter a Price Return Swap referencing KRW 20,600 per share. POSCO Holdings Inc. operates in the steel and industrial materials sector.