POSCO Intermerges with POSCO Energy

[Asia Economy Reporter Hwang Yoon-joo] POSCO International announced on the 12th that it will merge with POSCO Energy. The merger ratio is 1 to 1.1626.

According to the merger ratio, the listed company POSCO International will issue new shares for the merger and deliver 46,780,340 shares to POSCO Holdings, the shareholder of POSCO Energy. The new shares of POSCO International are scheduled to be listed on January 20 next year.