Doosan to Hold Board Meeting Tomorrow... Likely to Reattempt Business Structure Reorganization

Attention on Adjustment of Merger Ratio Related to Doosan Bobcat

In the bidding competition for the new Dukovany nuclear power plant in the Czech Republic, "Team Korea," led by Korea Hydro & Nuclear Power and consisting of Doosan Enerbility, Daewoo Engineering & Construction, and Korea Electric Power Technology, was selected as the preferred negotiator, defeating the French Electric Utility (EDF). The photo was taken on the 18th at Doosan Tower, Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

Doosan Group is reportedly resuming efforts to reorganize its business governance structure by incorporating Doosan Bobcat as a subsidiary of Doosan Robotics.

According to industry sources on the 20th, Doosan Energy and Doosan Robotics, affiliates of Doosan Group, are scheduled to hold board meetings on the 21st to discuss agenda items related to Doosan Bobcat's shares.

Previously, Doosan Group attempted to restructure its business by separating Doosan Bobcat from Doosan Energy and merging it with Doosan Robotics through a comprehensive stock swap, but withdrew the plan at the end of August amid shareholder opposition.

However, the plan to spin off Doosan Energy into a newly established company holding Doosan Bobcat shares and then merge this new entity with Doosan Robotics was not withdrawn.

Therefore, at this board meeting, it is expected that the primary discussion will focus on readjusting the merger ratio between the newly established company holding Doosan Bobcat shares and Doosan Robotics.

Meanwhile, some speculate that since the originally proposed merger ratio by Doosan Group sparked controversy over the undervaluation of Doosan Bobcat, the value of the new company will likely be appraised higher this time.