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CCI Approves Proposed Acquisition of Two Subsidiaries of POSCO Holdings Inc.

Banking & Finance | Dated: 10 Feb 2025

In February 2025, the Competition Commission of India (CCI) approved the proposed acquisition by POSCO India Processing Center Private Limited (Acquirer) of the entire shareholding of South Korea-based LX International Corporation (Seller) in POSCO-India Pune Processing Center Private Limited (Target).

🎯 Key Highlights:

  • - POSCO India Processing Center and POSCO-India Pune Processing Center are engaged in the processing and distribution of hot and cold rolled sheets and plates, galvanized steel, specialty steel, electrical steel, and other products such as wire rods, scrap, and coils.

💡 Other Important Facts:

  • Both POSCO entities operate under POSCO Holdings Inc., a South Korean steel manufacturing company.

📚 Test Your Knowledge:

Which regulatory body recently approved the proposed acquisition of two subsidiaries of POSCO Holdings Inc.?

Correct Answer: CCI

🚀 Quick Recap: