# Multiple bidders pursue Doosan Mottrol stake

Doosan Group's sale of Doosan Mottrol, a maker of oil pressure machines and military equipment, has attracted multiple bidders including China's XCMG, a Socius-Well to Sea Investment consortium, and an NH Investment & Securities PE-Opus PE consortium. The controlling stake is valued at 400-500 billion won.

- Type: Acquisition
- Announced: 2020-07-21
- Where: South Korea
- Value: $375.0M (450.0B KRW)
- Status: announced
- Products: oil pressure machines, military equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Doosan](https://endata.com/companies/4295.md)
- [Xuzhou Construction Machinery Group](https://endata.com/companies/42855.md) (investor)
- [Doosan Mottrol](https://endata.com/companies/48701.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9439565), 2020-07-21: "The likelihood of Doosan Group seeing through the sale of Doosan Mottrol...has become high as the tender drew multiple bidders."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.