Samsung bid for Korea Express with POSCO
Seoul - Yonhap
Samsung SDS Co., an information technology service unit of South Korea's largest industrial group, said Thursday that it will partner with steel giant POSCO to bid for a stake in Korea Express. Samsung SDS will join the consortium of POSCO, the world's third-largest steelmaker, to buy a 5 percent stake in South Korea's leading logistics company, it said in a regulatory filing. The financial terms were not disclosed.
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