Korean steel giant Posco is looking to sell its stake in compatriot shipbuilder Hyundai Heavy Industries (HHI).
Posco plans to offload its HHI shares at a price of between KRW 171,500 ($151.39) and KRW 175,500 each.
This means the steel-making company could bank as much as $171m from the sale.
The price offered by Posco is slightly lower than today’s share price of KRW 180,000.
