Doosan Bobcat could raise $1-2 bln in S.Korea IPO - IFR

Hanwha Engine

31/08/2016 02:35

SEOUL, Aug 31 (Reuters) - Construction equipment maker 
Doosan Bobcat Inc could raise between $1 billion and $2 billion 
in its planned South Korean initial public offering, IFR 
reported on Tuesday citing sources.  
    Doosan Bobcat has North America's largest market share for 
small construction equipment such as skid-steer loaders. Its IPO 
plan was approved by Korea Exchange earlier this month. 
 urn:newsml:reuters.com:*:nL3N1AX1P0 
    Doosan Infracore Co Ltd  042670.KS  and affiliate Doosan 
Engine Co Ltd  042670.KS  own a combined 78 percent stake in the 
construction equipment company.  
    A spokesman for largest shareholder Doosan Infracore 
declined comment on the expected value of the deal.  
    JP Morgan, Credit Suisse and HSBC are advisers on the deal, 
along with domestic firms Korea Investment & Securities, 
Shinyoung Securities and Hanwha Securities.  
 
 (Reporting by Fiona Lau of IFR; Writing by Joyce Lee; Editing 
by Stephen Coates) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DOOSAN BOBCAT IPO/