Doosan Enerbility Blocksells Doosan Bobcat Shares Worth 299.5 Billion KRW
Doosan Enerbility announced on the 20th that it will dispose of 5 million shares (4.99%) of its subsidiary Doosan Bobcat through an off-hours block trade worth 299.5 billion KRW to secure funds for new growth investments.
After the block trade, Doosan Enerbility's stake in Doosan Bobcat will be 46.06%.
Doosan Enerbility stated, "There are no plans for additional sales of Doosan Bobcat shares," and added, "Even after this sale, we will maintain and exercise management rights as the largest shareholder of Doosan Bobcat."
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