Dongwon Group, Doosan affiliates 'Doosan biological resources' argument

[Korea gimeunji financial newspaper reporter] Dongwon Group has signed a purchase agreement to acquire 100% ownership of 10 days Doosan Group, a subsidiary of Doosan biological resources, 353 billion won. Dongwon F & B is a principal argument the acquisition price is 35.3 billion won.

Doosan resources in December 2007 ㈜ Doosan biological resources business sector as a spin-off have established subsidiaries, dairy, from cattle feeding to breeding management swine, poultry, such as livestock farming former company coming operate its business throughout the course All. Last year sales of 84.6 billion won, operating profit of 33 billion won.

Doosan has been living resources or to the mergers and acquisitions market restructuring reorganization of the Doosan Group has mobilized a group exploring the Agreement was selected as the sole preferred bidder.

Dongwon Group is planning to do to create a specialized subsidiary of the existing feed 'mobilization Palms' and synergies through the acquisition of Doosan biological resources. The two companies are in R & D, purchasing power, technological know-how, etc. expected to be added if the feed business is a promising industry competitiveness doubling sales force.

Last year, revenue mobilization of Palms is a 86.8 billion won.

The two companies plan to complete the sale within one month of work, Doosan Group will take advantage of this time securing funds to finance new business investment.

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