Doosan Sells Montabert For $123 Million

June 8, 2015

Doosan Infracore sold its French quarrying equipment maker Montabert for $123 million to U.S.-based Joy Global Inc.

Doosan said in a statement that it is selling non-core assets to focus on its main businesses, and would use the funds to pay down refinanced debt on U.S.-based heavy equipment manufacturer Bobcat, which Doosan Group acquired in 2007.

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