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Business deals

Hyundai Heavy bids for Doosan construction equipment unit

In likely $800m deal, South Korean group takes aim at Chinese market

Doosan Infracore is known for its presence in the Chinese market, where demand for construction equipment is strong. (Photo courtesy of Doosan Heavy Industries)

SEOUL -- South Korean shipbuilding group Hyundai Heavy Industries has submitted a bid to acquire the construction equipment unit of Doosan Heavy Industries & Construction in a deal potentially worth over $800 million.

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