Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Version: 24 January 2002
Length: 19 pages
Data source: Published sources
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Abstract
On 2 August, 2000, Korea-based Pohang Iron and Steel Co Ltd (POSCO) and Japan-based Nippon Steel Corporation (NSC) crafted a cross-border, cross-shareholding alliance. At a joint press conference, the two companies said their alliance was not limited to their firms alone, and said approaches from others would be welcomed. Their invitation had aroused the interest of the largest steel-maker in China, Baoshan Iron and Steel Co , Ltd (Baosteel). In January 2001, Baosteel signed a memorandum of understanding with POSCO to create a cross-shareholding in each other''s shares. The company also planned to invite NSC to acquire a stake in the group. If the Sino-Japanese alliance succeeded, the three steel giants would form a three-way cross-border, cross-shareholding alliance. Such a bold move would help Baosteel to gain an upper hand in competition with European and American steel firms eager to enter the Asian market.
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Version: 28/10/2002
Length: 8 pages
Data source: Published sources
Simplified Chinese language
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Length: 18 pages
Data source: Published sources
About
Abstract
On 2 August, 2000, Korea-based Pohang Iron and Steel Co Ltd (POSCO) and Japan-based Nippon Steel Corporation (NSC) crafted a cross-border, cross-shareholding alliance. At a joint press conference, the two companies said their alliance was not limited to their firms alone, and said approaches from others would be welcomed. Their invitation had aroused the interest of the largest steel-maker in China, Baoshan Iron and Steel Co , Ltd (Baosteel). In January 2001, Baosteel signed a memorandum of understanding with POSCO to create a cross-shareholding in each other''s shares. The company also planned to invite NSC to acquire a stake in the group. If the Sino-Japanese alliance succeeded, the three steel giants would form a three-way cross-border, cross-shareholding alliance. Such a bold move would help Baosteel to gain an upper hand in competition with European and American steel firms eager to enter the Asian market.
Related
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Version: 28/10/2002
Length: 8 pages
Data source: Published sources
Subject category:
Strategy and General Management
Published by:
Asia Case Research Centre, The University of Hong Kong
Length: 18 pages
Data source: Published sources