# DB Inc. to absorb DB Metal in merger

DB Inc. (DB) will absorb DB Metal, a ferroalloy producer, via a merger. The merger is expected to be completed around February 2024.

- Type: Acquisition
- Announced: 2023-08-16
- Where: South Korea
- Status: announced
- Products: ferroalloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [DB Group (Holdings) Ltd](https://endata.com/companies/23380.md) (acquirer)
- [DB Metal](https://endata.com/companies/72096.md) (target)

## Sources

- [sedaily.com](https://www.sedaily.com/article/13749685), 2023-08-16: "DB메탈을 흡수합병해 총 자산을 늘리는 방식으로 자회사의 지분 가치 비율을 낮추려는 게 아니냐는 해석이다."

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