# Ajoo Steel to merge with Ajoo EGL

Ajoo Steel announced it will absorb Ajoo EGL in a small-scale merger to improve management efficiency and synergy. Ajoo Steel owns 100% of Ajoo EGL, and no new shares will be issued.

- Type: Acquisition
- Announced: 2021-10-20
- Where: Gimcheon, Gyeongsangbuk-do, South Korea
- Status: announced
- Products: electrogalvanized steel sheet, surface-treated steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ajoo Steel](https://endata.com/companies/58578.md) (acquirer)
- [Ajoo EGL](https://endata.com/companies/58579.md) (target)

## Sources

- [steeldaily.co.kr](https://www.steeldaily.co.kr/news/articleView.html?idxno=158562), 2021-10-20: "아주이지엘의 자산과 영업 등을 그대로 승계하므로 합병 이후 재무, 영업, 경영에 있어 영향은 없을 것"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.