Doosan Group Considers Acquisition as Cha Partners Asset Management Plans Full Sale of Bus Companies
Key Ideas
- Cha Partners Asset Management is planning a full sale of 14 bus companies it owns, attracting interest from Doosan Group and other large Korean companies.
- The bus business, with 2,000 city buses in Seoul and Incheon, is seen as suitable for eco-friendly projects like electric and hydrogen buses.
- The sale presents opportunities for infrastructure synergy with projects like bus garages and charging stations, enhancing the eco-friendly initiatives in the mobility sector.
- Cha Partners emphasized transparency in the bidding process and aims to make a decision based on fair results.
Doosan Group is eyeing an acquisition opportunity as Cha Partners Asset Management, a domestic private equity fund, plans to sell 14 bus companies it owns. The sale has attracted interest from about 20 companies, including large Korean firms. Doosan Group is actively seeking financial investors to secure funds for a potential bid. The bus companies own a total of 2,000 city buses in Seoul and Incheon. The bus industry is being evaluated as conducive to eco-friendly strategic projects due to the introduction of electric and hydrogen buses. Cha Partners sees opportunities for infrastructure synergy by integrating projects like bus garages and charging stations. They have assured a transparent and fair bidding process, indicating a positive sentiment towards the sale.
Topics
Public Transit
Eco-friendly
Acquisition
Bus Industry
Private Equity
Investment Bank
Infrastructure Synergy
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