Global Trade Alert
Global Trade Alert

Republic of Korea: Eximbank funds Korean company acquisition of shares of a Brazilian niobium mining company

Announcement

04 Apr 2011

On 5 March 2011, the Export-Import Bank of Korea (Korea Eximbank) announced providing funds for POSCO's acquisition of a  Brazilian niobium mining company. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Mar 2011

Revocation date:

No revocation date

Updated: 04 Apr 2011
Financial assistance in foreign market In force

The Korean Eximbank's financial support to the Korean company POSCO to acquire 2.5% stake in the Brazilian niobium mining company CBMM has a total value of USD 325 million.

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