8. Significant Contracts
[Major management contracts]
○ Transfer contract of steel business related shares or investment certificates of POSCO HOLDINGS (2023)
(1) Contract Counterparty: POSCO
(2) Transaction amount: KRW
1.1320 trillion
(3) Purpose: In order to improve the management efficiency of the steel business as a following step of the vertical spin-off on March 2022.
(4) Contract period: August 18, 2023 ~ September 25, 2023
(5) Payment method: Cash payment
(6) Company subject to
transfer: PT.KP, P-Mexico, P-IJPC, P-MVWPC (4 overseas companies)
* |
The above contract amount is the amount applied to the exchange rate based on July 31, 2023, and overseas
assets are traded by applying the exchange rate on the day of the transaction. |
○ Transfer contract of steel business related shares or investment certificates of POSCO HOLDINGS (2022)
(1) Contract Counterparty: POSCO
(2) Transaction amount: KRW
1.1377 trillion
(3) Purpose: In order to improve the management efficiency of the steel business as a following step of the vertical spin-off on March 2022.
(4) Contract period: November 18, 2022 ~ March 31, 2023
(5) Payment method: Cash payment
(6) Company subject to
transfer: POSCO YAMATO VINA STEEL JOINT STOCK COMPANY, POSCO Thainox Public Company Limited, POSCO COATED STEEL (THAILAND) CO., and etc. (32 domestic companies, 25 overseas companies)
* |
The above contract amount is the amount applied to the exchange rate based on November 3, 2022, and
overseas assets are traded by applying the exchange rate on the day of the transaction. |
○ Sales contract of CSP shares
(1) Contract Counterparty:
ArcelorMittal Brazil
(2) Purpose: Improving asset efficiency through the sales of non-core assets with no
management right
(3) Contract period: July 28, 2022 (transaction completed on March 10, 2023)
(4) Transaction amount: and payment method
ArcelorMittal
Brazil acquired shares in shareholder companies free of charge on the condition that ArcelorMittal Brazil succeed CSPs debts. In addition, the shareholder companies will additionally pay US$102 million.
* |
POSCO HOLDNGS paid US$20.4 million equivalent to a 20 percent stake |
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