Macquarie Sells 7% Stake in LG CNS
Private equity firm Macquarie Asset Management has sold around 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.
Macquarie Moves to Sell Approtium Stake
Macquarie Asset Management has initiated the sale of Approtium, South Korea’s largest commercial hydrogen producer, in a transaction expected to exceed 1 trillion won ($770 million), according to investment banking sources.
Sale of Four-Star Hotel in Seoul
Macquarie is preparing to sell the Four Points by Sheraton Josun, Seoul Station, a four-star hotel, for approximately 170 billion won ($118.7 million) to South Korea’s KB Asset Management, industry insiders reported.
Plans to Sell DIG Airgas
Macquarie Asset Management has begun the divestment process for its 100% stake in DIG Airgas Co., South Korea’s third-largest industrial gas producer, which could become the country’s largest buyout deal.
Data Center Acquisition by Macquarie Korea Infrastructure Fund
Macquarie Korea Infrastructure Fund (MKIF) has agreed to purchase a 40-megawatt data center from IGIS Asset Management Co. in Seoul for 734 billion won ($538 million).
According to investment banking sources, these transactions reflect Macquarie's active portfolio restructuring in South Korea’s infrastructure and industrial sectors.
Summary: Macquarie Asset Management is actively divesting and acquiring key assets in South Korea, including stakes in LG CNS, hydrogen production, industrial gases, hospitality, and data centers, reflecting strategic portfolio adjustments.