POSCO International to raise 532.9 billion won for U.S. shale gas assets
2 sources · South Korea · 1 of them is linked to a state
Who reported this
- Yonhap
- The Korea Herald
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
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Every source for this story reports from South Korea.
POSCO International announced Monday that its U.S. subsidiary will raise 532.9 billion won, or approximately 396 million U.S. dollars, through a rights offering to acquire shale gas assets in the United States. The funds will be raised by POSCO International E&P USA Inc. which is a wholly owned subsidiary of POSCO International. The company did not disclose the name of the partner in the deal or the specific shale gas assets being acquired. Additionally, a company spokesperson stated that POSCO International will provide 266.1 billion won in loans to the U.S. subsidiary by March 15 of next year. POSCO International serves as the trading and energy arm of POSCO Group, a conglomerate specializing in steelmaking and energy.
How each side framed it
- Centre
- The outlet presented the financial details as a straightforward corporate announcement.
- Centre-right
- The outlet reported the facts of the acquisition neutrally without adding additional framing.
Sources
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