KDB and Others Arrange 2.5 Trillion Won Financing for Doosan's Acquisition of SK Siltron
Korea Development Bank will arrange large-scale acquisition financing amounting to 2.5 trillion won for Doosan Group, which is acquiring SK Siltron.
According to the financial industry on May 18, Doosan Group is expected to sign a stock purchase agreement with SK Group by the end of this month to acquire 100% of SK Siltron's shares. With SK Siltron's corporate value estimated at about 5 trillion won, Doosan Group plans to raise 2.5 trillion won through Korea Development Bank and its main banking partner, Woori Bank.
Korea Development Bank and Woori Bank are expected to provide 1 trillion won in acquisition financing through a syndicated loan involving multiple financial institutions, and an additional 1.5 trillion won to resolve debt repayment obligations arising from the change in shareholders.
SK Siltron, a leading manufacturer specializing in semiconductor wafers, ranks third in the global market for 12-inch wafers. SK Group has been pursuing the sale of SK Siltron as part of its portfolio restructuring and rebalancing efforts.
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Doosan has identified semiconductors as a future growth driver, alongside small modular reactors (SMRs), robotics, and artificial intelligence (AI). In 2022, the company expanded its semiconductor business by acquiring Tesna, a semiconductor back-end testing company, for 460 billion won.
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