Doosan Group seeks takeover of Czech turbine maker

SEOUL, June 22 (Yonhap) -- South Korea's Doosan Group said Monday that it is
seeking to buy a Czech turbine maker, a deal that will help strengthen the
conglomerate's power-equipment manufacturing unit.

The deal, if successful, will be the latest in a series of takeovers sought by
Doosan, which purchased the world's top compact construction equipment firm,
Bobcat, as well as two other units for US$4.9 billion in 2007.
"We are seeking to buy Skoda Power, but the details have yet to be decided," said
a spokesman at Doosan Corp., the group's defacto holding company. Market experts
said the deal is expected to be worth around 800 billion won ($630 million).
Doosan Group's key affiliates include Doosan Heavy Industries & Construction Co.,
the nation's leading power equipment maker, and Doosan Infracore Co., the
country's largest construction equipment maker.
Skoda Power, a subsidiary of Skoda Holdings, is a leading European manufacturer
and supplier of technological equipment in the field of power generation.
sam@yna.co.kr
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