Copying and distributing are prohibited without permission of the publisher
Doosan-Skoda – ECA-backed financing
26 March 2010
Kexim backing leads Doosan into Europe
This deal is a unique acquisition-export financing arranged by mandated lead arrangers (MLAs) BNP Paribas (BNPP), Citi and Standard Chartered Bank, which financed the acquisition of the Czech Republic’s Skoda Power by Doosan Heavy Industry & Construction (DHIC) of South Korea, through its Luxembourg-based European holding company Doosan Heavy Industries European Holdings, for an overall a452 million.The transaction received strong support from Korea Export-Import Bank (Kexim), the Korean export credit agency (ECA), and is a classic example of how important industrial buy-outs can take place even in the toughest of market conditions providing there are committed and experienced parties leading the deal. This...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
