Doosan Fuel shareholder targets $353m from block

By Rashmi Kumar
05 Oct 2020

One of Doosan Fuel Cell Co’s major shareholders is offloading its stake in the South Korean eco-friendly cell maker for up to $353m-equivalent.

The accelerated block trade was launched on Monday afternoon. On offer are 10.9m shares in Doosan Fuel, equal to 19.7% of its total shares outstanding.

The stock is available at a price range of W35,465 to W37,628, which could net the vendor between W386.6bn and W410.1bn ($331m ...

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