StocksMedium•23 October 2026•
1 min read
Doosan Škoda Power Shares Slump 8% Following Parent Stake Divestment
Key Facts
1Doosan Škoda Power shares fell 8% on the Prague Stock Exchange following an accelerated stake sale.
2The Korean parent company sold a 17% stake in the business.
Doosan Škoda Power shares fell 8% on the Prague Stock Exchange following an accelerated stake sale. Benzinga reported that the Korean parent company sold a 17% stake in the business, creating immediate downward pressure on the stock price.
The divestment was executed through an accelerated bookbuild process which led to the depreciation of the company's market value. Regarding the broader Korean economic context, South Korea is scheduled to release GDP Growth Rate figures on October 26, 2026, with forecasts projecting a 3.8% annual expansion.