Macquarie Sells 7% Stake in LG CNS
Private equity firm Macquarie Asset Management has sold approximately 7% of its holdings in LG CNS Co., the IT services subsidiary of South Korea’s LG Group. The sale was conducted as a block transaction valued at $310 million with a 9% discount.
Macquarie Initiates Sale of Approtium
Macquarie Asset Management has started the sale process of Approtium, South Korea’s biggest commercial hydrogen producer, with expectations to raise over 1 trillion won ($770 million) from the deal.
Macquarie Plans to Sell Four-Star Hotel in Seoul
According to investment banking sources, Macquarie is prepared to sell the Four Points by Sheraton Josun near Seoul Station to KB Asset Management for around 170 billion won ($118.7 million). The transaction is underway as of Friday.
Divestment of DIG Airgas
Macquarie Asset Management has begun selling its entire stake in DIG Airgas Co., the third-largest industrial gas producer in South Korea. This sale could become the country’s largest buyout deal in the industrial gas sector.
Acquisition of Hanam Data Center by MKIF
Macquarie Korea Infrastructure Fund (MKIF) signed an agreement to purchase a 40-megawatt data center from IGIS Asset Management, a Seoul-based company. The deal is valued at 734 billion won ($538 million).
"Macquarie Asset Management has kicked off the sale of Approtium, South Korea’s largest commercial hydrogen producer, in a deal expected to fetch over 1 trillion won ($770 million)."
"Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. for 734 billion won ($538 million)."
Macquarie is actively divesting significant assets in South Korea, focusing on enhancing liquidity across its infrastructure, real estate, and industrial investments.
Summary: Macquarie Asset Management is strategically selling key stakes in South Korean firms such as LG CNS, Approtium, and DIG Airgas, while securing large infrastructure acquisitions like the Hanam data center.