Macquarie Sells 7% Stake in LG CNS
Private equity firm Macquarie Asset Management has sold approximately 7% of its shares in LG CNS Co., the IT services subsidiary of South Korea’s LG Group, through a block sale valued at $310 million with a 9% discount.
Sale of Approtium’s Ulsan Plant
Macquarie has initiated the sale of Approtium, South Korea’s largest commercial hydrogen producer located in Ulsan. The transaction is expected to exceed 1 trillion won ($770 million), according to investment banking sources.
Four-Star Hotel Sale in Seoul
Macquarie Asset Management is set to sell the Four Points by Sheraton Josun Hotel near Seoul Station for about 170 billion won ($118.7 million) to South Korea’s KB Asset Management, industry insiders reported.
Divestment of DIG Airgas
Macquarie has started the process of selling its entire stake (100%) in DIG Airgas Co., South Korea’s third-largest industrial gas producer. This deal could become the country's largest buyout transaction.
Data Center Acquisition by Macquarie Korea Infrastructure Fund
The Macquarie Korea Infrastructure Fund (MKIF) has agreed to purchase a 40-megawatt data center from IGIS Asset Management Co., based in Seoul, for 734 billion won ($538 million).
“Macquarie is moving to appoint advisors and finalize deals in key South Korean infrastructure assets,” investment banking sources said on condition of anonymity.
Macquarie is actively restructuring its portfolio in South Korea, focusing on strategic sales of major infrastructure and real estate holdings.
Author’s summary: Macquarie Asset Management is undertaking significant sales of South Korean assets, including LG CNS shares, hydrogen production, hotels, industrial gases, and data center operations, reflecting a major portfolio shift.