IPO planned for new Dresser piece

摘要

Oil patch private equity fund First Reserve has filed to take public another piece of what used to be Dresser Industries:market-leading compressor maker Dresser-Rand Group,which it bought last year for us1.2-bil from Ingersoll-Rand.The filing last week,to raise up to us400-mil for an unspecified minority stake in Dresser-Rand,comes despite a stalled effort by First Reserve to IPO a similar minority stake in Dresser Inc,a separate us1.5-bil-sales maker of flow controls,retail fuel dispensers and natural gas engines.