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Samsung SDS, a unit of South Korea’s Samsung Electronics (005930.KS), said on Thursday that it may partner with steelmaker POSCO (005490.KS) to bid for an estimated $1.4 billion stake in Korea Express (000120.KS), boosting shares of the country’s top logistics firm.

The move marks a new twist to a brewing battle over Korea Express among the country’s major conglomerates – POSCO, retail giant Lotte Group and food-to-entertainment CJ Group.

Final bids for at least 37.6 percent stake in Korea Express closes on June 27, with a preferred bidder to be selected by early July.

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