Poong Jeon Nonferrous Metal poised to acquire Jeongan Steel

Poong Jeon Nonferrous Metal has emerged as the leading bidder to acquire Jeongan Steel, a steel pipe and plate manufacturer in rehabilitation, with a bid of about 80 billion won. The court has approved Poong Jeon as the top-scoring bidder.

“Poong Jeon’s bid was about 80 billion won, reportedly exceeding the price Woori PE had set earlier.”en.fnnews.com

• 1 source
• en.fnnews.com[Exclusive] “Nonferrous M&A heavyweight” Poong Jeon Nonferrous Metal poised to acquire Jeongan Steel [fn Market Watch] - First-Class Business Newspaper Financial NewsNov 3, 2026

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