Doosan to pump $1 bln into holding firms for Bobcat

Newswire

SEOUL, Aug 28 (Reuters) - South Korea's Doosan Infracore Co Ltd said on Thursday it and its affiliate will pump a combined $1 billion into companies set up to buy Ingersoll-Rand's business lines last year to help pay back their debt. The two holding companies, based in the United States and Europe each, had borrowed a total of $2.9 billion in loans to fund its $4.9 billion purchase of Bobcat, the world's top compact construction equipment firm, and its other units from Ingersoll. The ...

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