POSCO ChemTech agreed on a merge with POSCO ESM for improved synergy between two groups’ energy materials businesses. POSCO ChemTech and POSCO ESM, who are respectively in charge of anode and cathode production, will unify as an operation headquarter for energy materials — bringing together dispersed business structures for cathode and anode materials. The merger between the two groups is expected to crystallize by April next year after the board’s final approval in February 2019.
GXY Price at posting:
$2.12 Sentiment: Buy Disclosure: Held