Doosan Infracore Bobcat Holdings Co., Ltd. agreed to acquire the remaining 11.6% stake in Doosan Infracore International, Inc. from Doosan Engine Co., Ltd. (KOSE:A082740) for approximately KRW 620 million in stock on May 4, 2016. As part of the transaction, Doosan Engine Co Ltd would sell 7,242 shares of Doosan Infracore International, Inc. Doosan Engine will not own any stake in Doosan Infracore post acquisition. For the year ended December 31, 2015, Total assets was KRW 4.7 trillion, Total stockholders' of KRW 2.3 trillion, Sales amount of KRW 3.03 trillion and Net profit of KRW 234.25 billion.

The transaction is expected to close on June 7, 2016. As announced on June 10, 2016, the deal is expected to close on June 30, 2016.