Copper-clad laminates (Courtesy of Doosan Co.) Doosan Co., the holding company of South Korea's Doosan Group, is in contact with several private equity firms to sell its in-house electronic materials division that produces copper-clad laminates (CCLs), a core material for OLED displays.
The company of the heavy machinery and power equipment-focused group is in the early stages of talks with both domestic and overseas PEFs, asking for over 1 trillion won ($888 million) for the profit-making division, according to investment banking sources on Apr. 13. Doosan, 44% owned by its founding members, plans to use the proceeds from the planned carve-out to take over Doosan Bobcat Co., one of the group's core units, from Doosan Heavy Industries & Construction Co. which owns 51% of Bobcat. Based on the market capitalization of 4 trillion won, the 51% stake is worth around 2 trillion won.