The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Turkish energy company Zorlu Enerji is planning investments of some $1 billion in Turkey's energy sector in the next two years and could issue stock or make a disposal to finance the plan, its general manager said.** SK Telecom Co Ltd, South Korea's top mobile operator, said on Wednesday that it will sell part of its stake in steelmaker POSCO for 437.3 billion Korean won ($390.66 million), leaving it with a 1.42 percent stake after the sale.
POSCO is a Korea-based company engaged in the manufacture of steel products. Shares of PKX fell by 4.33% or $-3.58/share to $79.03. In the past year, the shares have traded as low as $70.47 and as high as $95.27. On average, 192889 shares of PKX exchange hands on a given day and today's volume is recorded at 59211.
SK TELECOM CO., LTD. is a Korea-based company mainly engaged in the provision of wireless communication services. Shares of SKM fell by 1.24% or $-0.18/share to $14.32. In the past year, the shares have traded as low as $10.85 and as high as $15.99. On average, 1853870 shares of SKM exchange hands on a given day and today's volume is recorded at 68753.
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