South Korea's Posco says considering investment in U.S. Cleveland-Cliffs

Reuters12-05

SEOUL, Dec 5 (Reuters) - South Korea's Posco Holdings Inc 005490.KS said on Friday that it has signed a memorandum of understanding (MOU) with U.S. firm Cleveland-Cliffs Inc CLF.N and it is discussing a potential investment in a stake, but nothing has been decided.

Posco said in a regulatory filing that the discussions are part of efforts to expand in the high-profit U.S. market.

(Reporting by Joyce LeeEditing by Ed Davies)

((joyce.lee@tr.com;))

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