Hyundai Steel to merge with Hyundai Hysco

Hyundai Steel, South Korea’s second-largest steelmaker, plans to merge with sister company Hyundai Hysco to increase operational efficiency and gain from synergy effects, it announced on Wednesday April 8.

The plan was approved by the steelmaker’s board earlier in the day, and will see Hyundai Steel issue new shares and exchange them for Hyundai Hysco shares at a ratio...


Juan Weik

April 08, 2015

13:39 GMT