Top bidder

01 May 2008

Doosan heavy industries & construction has been named preferred bidder to buy the 55% stake in Daewoo Heavy Industries & Machinery (DHI) put up for sale by KAMCO, the Korean Asset Management Company and the Korean Development Bank (KDB). Doosan's bid for the 55% stake was the highest received and valued the share at KRW 1.8 trillion (€1,2 billion). However, the bid has not been welcomed by DHI's employees, who are reportedly worried about job losses.

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