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Korea M&A Corporation
GS E&C, Hyundai eyeing Doosan Infracore
GS Engineering & Construction (E&C) and Hyundai Heavy Industries are eyeing taking a major stake in Doosan Infraore which is being put up for sale as part of Doosan Group's business normalization. "GS E&C and Hyundai Heavy Industries are included on the shortlist to possibly purchase a major stake. Given their core strengths, it makes sense for either of the firms to participate in the upcoming ..
July 30 (Bloomberg) -- Doosan Infracore Co., South Korea's largest maker of construction machinery, agreed to buy Ingersoll-Rand Co.'s Bobcat and other earth-moving equipment units for $4.9 billion in the country's biggest overseas acquisition. The combined businesses had about $2.6 billion in sales last year and make small loaders, excavators and forklifts, Incheon-based Doosan Infracore said i..