Posco Holdings (NYSE: PKX) experienced a 2% increase in stock value during Tuesday’s trading. This rise came after Nippon Steel (OTCPK: NPSCY, OTCPK: NISTF), which is in the process of a significant acquisition of US Steel, announced plans to sell its entire stake in the Korean steelmaker. Nippon Steel stated that the sale aims to “improve capital efficiency.”
Nippon Steel to Divest Holdings in Korean Steelmaker Posco (NYSE:PKX)
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