# OCI acquires POSCO Future M's entire stake in P&O Chemical for KRW 53.7 billion

OCI acquired the entire 51% stake in joint venture P&O Chemical from POSCO Future M for approximately KRW 53.7 billion. P&O Chemical produces electronic-grade hydrogen peroxide and high softening point pitch for semiconductor and secondary battery materials.

- Type: Acquisition
- Announced: 2024-08-26
- Where: South Korea
- Value: $40.0M (53.7B KRW)
- Status: completed
- Products: electronic-grade high-purity hydrogen peroxide, high softening point pitch for secondary battery anode materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [OCI Co.](https://endata.com/companies/29854.md) (acquirer)
- [P&O Chemical](https://endata.com/companies/49413.md) (target)
- [POSCO Future M](https://endata.com/companies/69225.md) (target)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2024082616393546940), 2024-08-26: "OCI has decided to acquire the entire stake of the joint venture P&OChemical with POSCO Future M."

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