SeAH Steel International Co., Ltd. agreed to acquire SeAH Steel Europe S.r.l from SeAH Steel Corporation (KOSE:A003030) for KRW 4.6 billion on May 8, 2018. In a related transaction, SeAH Steel International Co., Ltd. agreed to acquire stakes in 9 other companies from SeAH Steel Corporation on May 8, 2018. SeAH Steel Corporation will subscribe for 2 million shares of SeAH Steel International Co., Ltd and will sell stake in 10 companies to SeAH Steel International Co., Ltd as investment in kind. SeAH Steel Europe S.r.l reported total assets of KRW 42.3 billion, net liabilities of KRW 5.7 billion, sales of KRW 422 million and net loss of KRW 46.7 billion. The transaction has been resolved by the Board of SeAH Steel Corporation on May 8, 2018. The transaction is expected to be completed on July 23, 2018. Samil PricewaterhouseCoopers acted as an External Rating Institution for SeAH Steel Corporation. SeAH Steel International Co., Ltd. completed the acquisition of SeAH Steel Europe S.r.l from SeAH Steel Corporation (KOSE:A003030) on August 30, 2018. The court approval for the transaction has been obtained on June 11, 2018.