PwC Korea performed financial due diligence and valuation on Posco Plantec Co., Ltd. for Uamco Co., Ltd.

PwC Korea Deals Corporate Finance team is pleased to announce Uamco Co., Ltd.'s acquisition of shares in Posco Plantec Co., Ltd.

Posco Plantec Co., Ltd. founded in 1982 as a subsidiary of POSCO performs in steelmaking and industrial facility engineering. Posco Plantec Co., Ltd. had been exclusively in charge of POSCO's maintenance business until 2010 when POSCO outsourced the maintenance of steel mills. After the merger with Sungjingeotech in 2013, it went into a workout in 2015 because of deterioration in business and overseas plant business.

Uamco Co., Ltd. is an insolvent bond investment company created by Shinhan, Kookmin, Hana, IBK, Woori and Nonghyup Bank and they are actively investing in companies that have become more difficult because of COVID-19.

The PwC Korea Deal 5 team, led by Joon-Seon Min and Young-baek Sohn, provided financial diligence and valuation service for Uamco Co., Ltd. and successfully closed the transaction.