IN BRIEF – ASIA
- From: Vol 7, Issue 11 (November 2006)
- Category: Brief
- Region: Asia
- Country: China, Hong Kong and Korea (South)
- Related Companies: AECOM, CDM, Doosan Heavy Industries and Mitsui Babcock Energy Ltd
* Doosan Heavy Industries is to acquire UK-based Mitsui Babcock Energy Limited, one of the global leaders in the field of boiler design and engineering.
The move will enable Doosan to secure ownership of advanced proprietary technologies for coal-fired boilers, a core equipment item in thermal power plants, the company said. Doosan will acquire the entire equity stake in Mitsui Babcock for Y20 billion, with financial closing expected to take place before the end of 2006. Doosan executive Park Gee-won commented: “Through this acquisition, we ...
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