Posco International acquires Australian energy firm Senex

South Korean trading firm Posco International said Thursday that it has completed an acquisition of Australian energy company Senex Energy, as part of its effort to put more focus in eco-friendly energy businesses.

The Korean firm clinched a deal in December last year with Senex Energy to own 50.1 percent of shares of the Australian company at 405 billion won ($334 million). It took three months to receive authorities’ approval.

The latest acquisition marks the company’s first global deal after its parent company launched holding company Posco Holdings in March, to focus on charting out future business, research and investment.

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