[Courtesy of Doosan Heavy]
SEOUL, Feb. 26 (Aju News) -- Doosan Heavy Industries & Construction Co. said Monday that it has selected a local consortium as the preferred bidder for a controlling stake in its marine engine-making unit.
Two South Korean private equity funds -- Socius Advisors and Well to Sea Investment Co. -- formed a consortium to purchase the stake in Doosan Engine Co., Doosan Heavy said in a regulatory filing.
Last year, Doosan Group selected Credit Suisse as the lead manager for the sale of a 44.66 percent stake in Doosan Engine. Doosan Engine posted an operating profit of 13.5 billion won (12.5 million US dollars) last year on sales of 768.9 billion won.
(Yonhap)
reporter
Lim Chang-won
cwlim34@ajunews.com
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