SEOUL, March 20 South Korea's Doosan Co Ltd
is considering buying German high-tech lighting
company Novaled AG, the firm said on Wednesday.
South Korean newswire Money Today earlier reported that
Doosan was close to acquiring 100 percent of the Dresden-based
company for an estimated 300-400 billion won ($270-360 million),
citing an unnamed source attached to the deal.
Novaled, which is backed by venture capital groups like
Samsung Venture Investment, had filed with U.S. regulators for
an initial public offering last year.
($1 = 1111.4000 Korean won)
(Reporting by Joyce Lee; Editing by Daniel Magnowski)