[Alpha Biz= Paul Lee] Doosan Co., Ltd. announced on December 23 that it has entered into a total return swap (PRS) agreement using 11.7 million shares of Doosan Robotics as the underlying asset, raising KRW 947.7 billion. The counterparties include Korea Investment & Securities, NH Investment & Securities, Kiwoom Securities, and KB Securities.

Following the transaction, Doosan’s stake in Doosan Robotics will be reduced to 50.06%. The company cited the purpose of securing funds for mergers and acquisitions (M&A) and improving its financial structure.

Industry analysts interpret the move as part of Doosan’s effort to finance the acquisition of SK Siltron, the world’s third-largest semiconductor wafer producer. Doosan was selected as the preferred bidder for SK Siltron on December 17. The estimated acquisition price is approximately KRW 3 trillion. As of the end of Q3, Doosan’s cash and cash equivalents stood at KRW 1.2171 trillion, highlighting the need for additional funds to complete the deal.

 

 

 

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