Hyundai Heavy Industries Holdings signs deal to buy 34.97% stake in Doosan Infracore for $757M

Hyundai Heavy Industries Holdings signed a definitive agreement to acquire a 34.97% stake in Doosan Infracore, a construction equipment maker, for 850 billion won ($757 million) from Doosan Heavy Industries & Construction. The deal is expected to close around Q3 2021.

“South Korea’s Hyundai Heavy Industries Holdings Co. signed a definitive agreement on Friday to buy a controlling stake in Doosan Infracore Co., a construction equipment maker, for 850 billion won ($757 million).”kedglobal.com

• 1 source
• kedglobal.comHyundai Heavy seals $757 mn stake purchase in Doosan Infracore - KED GlobalMan-Su ChoeFeb 5, 2021

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