Doosan Infracore plans sale of its machine tool business
Doosan Infracore said Tuesday it will sell its machine tool business part including its management rights as part of its works to improve financial structures. As of the first half, the debt ratio for the machinery manufacturer under Doosan Group was 280 percent, and completing the sell off is expected to lower the rate by half, the company said. Doosan said there are many potential buyers since the business is considered desirable, reporting an average of 10 percent of operating profit rate. “Strategic and private equity fund investors are considering acquiring the business,” said a Doosan spokesman.
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