# Hyundai Heavy Industries selected as preferred bidder for Doosan Infracore

Doosan Group selected Hyundai Heavy Industries Holdings as the preferred bidder to acquire a 36.07% controlling stake in Doosan Infracore. The deal is estimated at 700-800 billion won ($645-738 million) and expected to close by year-end 2020.

- Type: Acquisition
- Announced: 2020-12-10
- Where: South Korea
- Value: $690.0M (750.0B KRW)
- Status: announced
- Products: construction equipment, excavators
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (acquirer)
- [Doosan](https://endata.com/companies/4295.md) (partner)
- [Doosan Infracore](https://endata.com/companies/19475.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/mergers-acquisitions/newsView/ked202012090010), 2020-12-10: "Doosan Group selected Hyundai Heavy as the preferred bidder and informed respective parties including creditors on Thursday morning."

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