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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] Seoul/Tokyo, September 24, 2025 – POSCO Holdings has sold roughly half of its stake in Nippon Steel, continuing its efforts to divest non-core assets and secure liquidity.
According to industry sources, POSCO Holdings disposed of approximately 7.85 million shares, or about half of its 1.5% stake (15.69 million shares) in Nippon Steel, through a block deal after market close on September 24.
Based on the closing price of JPY 3,222 per share, the transaction is estimated to be worth JPY 25.3 billion (approx. KRW 238.8 billion / USD 170 million).
Background on Shareholding Relationship
POSCO Holdings disclosed in its 2024 business report a plan to sell about KRW 467 billion worth of Nippon Steel shares.
POSCO and Nippon Steel have historically held cross-shareholdings since the early 2000s to strengthen cooperation.
However, in 2024 Nippon Steel sold its entire 3.42% stake in POSCO Holdings during its bid to acquire U.S. Steel, a stake then valued at about KRW 1.1 trillion.
Next Steps
POSCO Holdings said the move is part of a broader strategy to streamline its portfolio by selling non-core assets and securing capital for future investments. The company signaled that it plans to dispose of its remaining Nippon Steel shares in due course.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
