Doosan Infracore to sell machine tools business to MBK for about $956 mln-Chosun Biz

HD Hyundai Infracore Co

02/03/2016 02:17

SEOUL, March 2 (Reuters) - South Korea's Doosan Infracore Co 
Ltd  042670.KS  is close to selling its machine tools business 
to private equity firm MBK Partners for 1.18 trillion won 
($955.62 million), South Korean media reported on Wednesday.  
    Doosan and MBK, which has been the preferred bidder for the 
business, is expected to sign the agreement on Wednesday or 
Thursday, the Chosun Biz, an online affiliate of newspaper 
Chosun Ilbo, reported citing an unnamed high-ranking financial 
industry source.   
    Doosan Infracore did not have an immediate comment. A 
spokesman for MBK Partners could not be immediately reached.  
 
($1 = 1,234.8000 won) 
 
 (Reporting by Joyce Lee; Editing by Stephen Coates) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DOOSAN INFRACORE M&A/MBK