POSCO says Daewoo Int'l top pick for M&A
SEOUL |
SEOUL Jan 14 (Reuters) - POSCO (005490.KS) sees Daewoo International (047050.KS) at the top of its list of potential takeover targets, its CEO said on Thursday.
"We're most interested in taking over Daewoo International given the expected synergy effect compared with Daewoo Shipbuilding (042660.KS) and Daewoo Engineering & Construction (047040.KS)," POSCO Chief Executive Chung Joon-yang told a forum held at the stock exchange. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner)
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