POSCO mulls restructuring plan of subsidiaries

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Publish time: 14th September, 2012      Source: ChinaCCM
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Reportedly, South Korean steel giant Posco is considering a restructuring plan of its domestic subsidiaries which belong to the Posco Group under the Fair Trade Act.

The plan is aiming to develop the core business capabilities, adjust overlapping business scopes, create synergy and rearrange the non-core businesses.

It is said that Posco will make necessary disclosure upon the board of directors' decision is made available.