Hints and tips:
...In Seoul, Doosan Infracore was down 4.7 per cent....
...Doosan Infracore planned to use its share of the proceeds to pay down debt....
...North America and Oceania accounted for 69 per cent of Doosan’s construction equipment revenue in the first quarter of this year, against 11 per cent for China....
...As they move into unfamiliar territories, the South Korean groups are pooling expertise with Japanese partners: Doosan Heavy Industries and Mitsubishi Corp teamed up to clinch a $1.5bn power plant contract...
...Among the Americans, JPMorgan is active in Australian mining projects but otherwise, like Citigroup and Bank of America, largely absent from big Asia-Pacific projects....
...On the mainland, Gemdale Corp lost 3.8 per cent to Rmb4.83, while Yunnan Metropolitan Real Estate shed 3.6 per cent to Rmb7.76....
...The offshore market today is dominated by Siemens of Germany and Vestas of Denmark but other companies, including Areva of France, Gamesa of Spain and Doosan of Korea, have announced plans to expand in the...
Renewed optimism about global recovery
...While his fourth brother is the group’s chairman, Mr Park runs the group’s holding company, Doosan Corp, and its three other flagship companies – Doosan Infracore, Doosan Heavy Industries & Construction...
...The company has also bought businesses from AES Corp, a US electric power maker, in 2005 and Mitsui Babcock Energy in 2006 to boost its overseas profile....
...Doosan Infracore, the construction equipment maker, ran into trouble after buying the Bobcat industry machinery units from Ingersoll-Rand for $4.9bn, as demand for construction equipment slumped amid the...
...Mitsui & Co fell 2.7 per cent to Y1,293 and rival Mitsubishi Corp dropped 2.4 per cent to Y2,000....
...Doosan Infracore, the South Korean construction equipment maker, ran into trouble after buying the Bobcat industrial machinery units from Ingersoll-Rand for $4.9bn in 2007 as demand for construction equipment...
...The deal would be the second-largest overseas acquisition by a Korean group, behind Doosan Infracore’s $4.9bn purchase of Bobcat’s assets in 2007, and South Korea’s biggest overseas oil and gas deal to date...
...Infracore’s $4.9bn purchase of Bobcat’s assets in 2007, and would rank as South Korea’s biggest overseas oil and gas deal to date, according to Dealogic....
...Kepco and Doosan shares both climbed 15 per cent on Monday while HEC and Samsung C&T rose 13 per cent....
...Sumitomo Corp fell 1.6 per cent to Y1,088 and Mitsubishi Corp by 2.8 per cent to Y2,453....
...The Kospi index in Seoul advanced 0.7 per cent to 1,655.54, with Doosan Heavy Industries soaring 12 per cent to Won70,000....
...Earlier this year, Hyosung Corp withdrew its offer to buy Hynix Semiconductor due to funding difficulties....
...Doosan Heavy has made a number of a acquisitions in recent years, buying businesses from AES Corp, a US electric power maker, in 2005 and Mitsui Babcock Energy in 2006 to diversify its overseas businesses...
...Doosan Infracore, the world’s seventh-largest construction equipment maker, hopes that, with a helping hand from Bobcat, the US company it acquired last year, it will become one of the top three global players...
...Furthermore, when the group’s machinery unit, Doosan Infracore, took over Bobcat of the US for $4.9bn last year, the new owner said it would hold on to the management teams at Bobcat....
...South Korean conglomerate Doosan Infracore has agreed to buy Ingersoll-Rand’s Bobcat construction vehicle unit for $4.9bn – more than some analysts had predicted the business would fetch....
...Doosan Infracore on Monday announced the largest overseas acquisition by a South Korean company, buying three units from Ingersoll-Rand, the US conglomerate, for $4.9bn....
...Cross-border outbound volume almost tripled to $14.2bn last year, led by Doosan Infracore’s $4.9bn takeover of Bobcat of the US and STX Group’s $800m purchase of a stake in Norway’s Aker Yards....
International Edition