POSCO Holdings Issues Statement on HMM Acquisition Rumors

Reuters01-05

POSCO Holdings Issues Statement on HMM Acquisition Rumors

POSCO Holdings Inc. has issued a clarification regarding recent media reports about its potential involvement in the acquisition of HMM, described as the "crown jewel" of Kim Jae-Chul's business ambitions. The company stated that, as part of its strategy to expand its steel business overseas and increase its presence in the high-profit US market, it has signed a memorandum of understanding with Cleveland Cliffs. However, discussions on equity ownership and investment size are still ongoing, and no final decisions have been made. POSCO Holdings Inc. will provide further disclosures once specific matters are decided or within three months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. POSCO Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-001435), on January 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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