Overview

• HD KSOE signed a 290 billion won (about $207 million) deal to acquire 100% of Doosan Enerbility’s Vietnamese unit, according to a regulatory filing on Wednesday.
• The purchase transfers all Doosan Vina shares to HD KSOE and was described by the company as enabled by aligned interests and government support.
• Doosan Vina operates a manufacturing complex in the Dung Quat Economic Zone near Da Nang that has produced boilers, port cranes and LNG plant modules since 2006.
• HD KSOE plans to keep current operations while repurposing the facility into a production base for independent cargo tanks and a regional hub for port cranes in Asia.
• Doosan Enerbility said it will deploy the proceeds to expand capacity in small modular reactors as well as gas turbines.