Friday, April 29, 2011

Doosan Sells Forklift Business

Doosan Infracore Co. agreed to sell its forklift unit to an affiliate and Standard Chartered Plc for $230 million to repay funds it borrowed to buy Bobcat units form Ingeroll-Rand in 2007. The transaction will be completed by the third quarter, Doosan Infracore, South Korea’s biggest construction-equipment maker, said today in a filing.

Read more here