SEOUL, Nov 4 (Reuters) - POSCO Capital, a venture capital arm of South Korean steelmaker POSCO 005490.KS , has put in a bid to acquire Australia's Arrium Ltd ARI.AX steelworks, a spokesman at POSCO told Reuters on Friday.
POSCO capital is making the bid with an unspecified amount of private equity investment, the spokesman said, without elaborating on whether the private equity is a singular firm or plural companies.
The comments came a day after POSCO said the company itself was not a bidder for Arrium, but was trying to sell the group technology.