Posco raises $512m from triple block sale to pay off debt

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Posco raises $512m from triple block sale to pay off debt

Korean iron and steel company Posco raised W577.73bn ($512m) on Tuesday night after selling stakes in three different companies to pay off debt. It took advantage of a fall in prices to bring investors into the deal, and became only the latest shareholder or issuer to sell big blocks over the last two weeks.

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