Doosan’s restructuring on track with asset sales
May 11, 2016
Market expectations of Doosan Group‘s profit turnaround are growing, with the completion of the conglomerate’s planned asset sales Tuesday. The Korean power equipment and construction giant successfully sold the heat recovery steam business unit of its construction arm Doosan Engineering & Construction for 300 billion won ($256 million) to General Electric. “This is the final deal that the group has pushed under its self-restructuring plan for the past two years,’’ a company spokesperson said.Fa