POSCO to make joint Daewoo bid with GS Group

POSCO and GS Group, rival South Korean bidders for Daewoo Shipbuilding, said yesterday they would team up in the race to buy the world's No. 3 shipbuilder. POSCO, the world's fourth-largest steelmaker, and GS Holdings , the holding company for energy-to-construction group GS, said in separate statements they were forming ...

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