South Korea's Posco C&C looks to buy Myanmar military's 30% stake to end steel JV

South Korea's Posco C&C looks to buy Myanmar military's 30% stake to end steel JV

Employees of POSCO walk out of the company's headquarters in Seoul July 22, 2011. Photo: Reuters

POSCO Coated & Color Steel Co Ltd (POSCO C&C) said on Friday it will end its joint venture with the Myanmar Economic Holdings Public Co Ltd (MEHL), a firm controlled by the military in Myanmar, which took control of the country in February.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter