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DOOSAN HEAVY DECIDED TO SELL 35% OF ITS STAKE IN DOOSAN INFRACORE

Published On 05 Feb 2021 12:52 PM


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Highlights –

  • Doosan Heavy decided to sell 35% of its stake in Doosan Infracore.
  • Doosan Heavy will sell its stake for $757 million to Hyundai heavy Industries Holdings Co.
  • Doosan Heavy disposed of 76 million shares of its construction equipment unit Doosan Infracore.
  • HHIH plans to complete the process to acquire Doosan Infracore by 3rd quarter of the year.
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Tags : DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., BOARD OF DIRECTORS DOOSAN HEAVY, DOOSAN INFRACORE CO., HYUNDAI HEAVY INDUSTRIES HOLDINGS CO., HHIH, KOREA DEVELOPMENT BANK INVESTMENT, KDBI, SOUTH KOREA FAIR TRADE COMMISSION,
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