UPDATE 1-S.Korea Doosan aims to buy Czech firm for $633 mln

Newswire

(Adds details, shares) SEOUL, June 22 (Reuters) - South Korea's Doosan Group is planning to buy a Czech turbine maker, Skoda Power, in a deal that is expected to be worth about $633 million, a spokesman at Doosan Corp said on Monday. The acquisition, if successful, would complement Doosan's power equipment business by adding Skoda-owned turbine technologies. "Our group is pursuing the deal, but details such as which unit in Doosan Group would acquire (Skoda Power) have yet to be set," ...

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