DTR Automotive Corporation (KOSE:A007340) signed a stock purchase contract to acquire Doosan Machine Tools Co., Ltd. from MBK Partners for KRW 2.4 trillion for August 13, 2021. DTR Automotive will acquire 53.8 million for KRW 2.4 trillion. The transaction has been resolved by the Board. The transaction is expected to be completed on January 28, 2022. BofA Securities, Inc. acted as financial advisor to MBK Partners.