# Hyundai Heavy Industries Group acquires 30% stake in Doosan Infracore for 850 billion won

Hyundai Heavy Industries Group, through its holding company Hyundai Genuine, closed the acquisition of a 30% stake in Doosan Infracore for 850 billion won ($722.5 million). The deal was announced on August 19, 2021.

- Type: Acquisition
- Announced: 2021-08-19
- Where: South Korea
- Value: $722.5M (850.0B KRW)
- Status: completed
- Products: construction equipment
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Doosan Heavy Industries & Construction](https://endata.com/companies/997.md) (partner)
- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (acquirer)
- [Doosan Infracore](https://endata.com/companies/19475.md) (target)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/2674338), 2021-08-19: "Hyundai Heavy Industries Group has closed an acquisition deal of a 30 percent stake in South Korean machinery manufacturer Doosan Infracore for 850 billion won ($722.5 million)"

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