Saudi Arabia’s Public Investment Fund Invests in POSCO E&C


Steel manufacturer POSCO’s unit POSCO Engineering and Construction (E&C) issued shares. The total deal of shares sales and new shares of POSCO E&C is worth 1.24 trillion won (US$ 1.08 billion) – a 38% ownership stake for the investor. POSCO is South Korea’s biggest steel maker. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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