POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won
On 19 March, POSCO Holdings (005490 KS) announced that it is selling its stake in Nippon Steel Corporation (5401 JP) worth nearly 468 billion won (US$320 million).
POSCO Holdings' sale of nearly US$320 million worth of Nippon Steel would be about 1.3% of its market cap.
POSCO Holdings' sale of its stake in Nippon Steel is a positive move for POSCO Holdings as the company is continuing to execute its strategy of selling off non-core assets.
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