Standard Chartered Private Equity Limited won the bid to acquire Machine Tool business department from Doosan Infracore Co. Ltd. (KOSE:A042670) on December 21, 2015. Standard Chartered Private Equity Limited was selected as a preferred bidder for the acquisition. The formal contract will be signed around mid-January, 2016 and the deal is expected to close in March, 2016. Credit Suisse acted as manager for the sale.

Standard Chartered Private Equity Limited cancelled the acquisition of Machine Tool business department from Doosan Infracore Co. Ltd. (KOSE:A042670) on January 31, 2016. The transaction was cancelled negotiations due to price differences.