POSCO Holdings Confirms Ongoing Talks With Cleveland Cliffs, No Final Decision Made
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POSCO Holdings Inc. clarified rumors about Kim Jae-Chul's bid to acquire HMM, stating it as an official notice. The company confirmed ongoing talks with Cleveland Cliffs, having signed a memorandum of understanding to expand its steel business in the US. Discussions on equity ownership and investment size are ongoing, with no final decisions made yet. Further updates will be provided within a month.
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