1. What Happened? : Divestiture of Vietnam Subsidiary
Doosan Enerbility will sell 100% of its stake in a Vietnamese subsidiary for 291.7 billion won on December 19, 2025. The subsidiary was engaged in the manufacturing of other machinery and equipment, which is not considered a core business for Doosan Enerbility.
2. Why the Divestiture? : Securing Investment Funds for Core Businesses
The primary goal of this divestiture is to secure funding for investments in core businesses. Doosan Enerbility is focusing on high-growth areas such as nuclear power, combined cycle power plants, and offshore wind power, which require significant investment.
3. What’s the Impact? : Improved Financial Structure and Enhanced Growth Momentum
- Financial Impact: The 291.7 billion won cash inflow will strengthen short-term financial soundness and provide a foundation for long-term profitability improvement.
- Business Impact: Streamlining non-core businesses allows Doosan Enerbility to focus on core competencies and secure future growth drivers, enhancing its competitiveness in nuclear, combined cycle, and offshore wind power.
- Market Impact: The market is likely to interpret this divestiture positively, viewing it as a demonstration of efficient resource allocation and commitment to future growth.
4. What Should Investors Do? : Monitor Core Business Performance and Fund Allocation
Investors should closely monitor the following:
- How the secured funds are actually utilized
- Order intake and profitability of core businesses such as nuclear power, combined cycle power plants, and offshore wind power
- Macroeconomic variables such as international raw material prices, exchange rates, and interest rates