The Korea Herald

피터빈트

Japanese steel maker sells Posco stocks

By 황유미

Published : June 14, 2016 - 14:50

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[DISCLOSURE] Nippon Steel & Sumitomo Metal Corporation sold half of its shares of Posco (005490), bringing down the percentage of shareholding from 5 percent to 4.18 percent, Posco disclosed on June 14. The top Japanese steel manufacturer sold 750,000 shares, worth 163.8 billion won, through an after-hours block sale, and also plans to sell the rest.