HBIS Group and POSCO to invest $600m to set up a joint venture.

Synopsis

Steelmakers HBIS Group and POSCO, agreed to invest $600m to set up a joint venture. The steelmakers will each invest $300m and take a 50% stake in the joint venture, which plans to start construction of a steel plate plant in Tangshan - the heart of China's steel industry.

Principals

target

Hbis Group / Posco Joint Venture

bidder

POSCO

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Market Context

Sort

Bidder Team (2)

jeong-woo choi

CEO at POSCO

Manager

bidder

Deals

£ 8.04 B

Total Value

yu yong

President at HBIS GROUP

Manager

bidder

Deals

£ 605 M

Total Value

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy