# Dongkuk CM to acquire Ajou Steel for 128.5 billion won

Dongkuk CM, a cold-rolled steel business company of Dongkuk Steel Group, announced it will acquire a 56.6% stake in Ajou Steel for a total of 128.5 billion won. The acquisition aims to make Dongkuk CM the world's largest color steel plate producer.

- Type: Acquisition
- Announced: 2024-08-06
- Where: South Korea
- Value: $96.0M (128.5B KRW)
- Status: announced
- Products: color steel plates
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Dongkuk Steel](https://endata.com/companies/20319.md) (partner)
- [Dongkuk CM](https://endata.com/companies/79034.md) (acquirer)
- [Ajou Steel](https://endata.com/companies/79035.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/11086506), 2024-08-06: "Through this acquisition, Dongkuk CM will be reborn as the world's No. 1 color steel plate company in terms of production."

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