Taiwan's FFE says has bid for Doosan Infracore's machine tools biz

HD Hyundai Infracore Co

03/12/2015 02:36

TAIPEI, Dec 3 (Reuters) - Taiwan's FFE Group said on 
Thursday it has submitted a bid to buy Doosan Infracore's 
 042670.KS  machine tool business, which some analysts say could 
fetch up to 2 trillion won ($1.7 billion).  urn:newsml:reuters.com:*:nL3N13S02H 
    FFE, the world's No. 3 machine tool maker by revenue, should 
know whether the bid was successful later this month,  FFE vice 
president Anita Hwang told Reuters.  
    Private equity firms including KKR & Co LP  KKR.N  and MBK 
Partners were also considering buying the business, newspaper 
Korea Economic Daily reported earlier on Thursday.  
 
 (Reporting by Faith Hung in Taipei and Joyce Lee in Seoul; 
Editing by Edwina Gibbs) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DOOSAN INFRACORE M&A/FFE