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 branch of South Korea’s LG Group, through a block sale valued at $310 million with a 9% discount.
Macquarie Initiates Sale of Approtium
Macquarie has started the sale process for Approtium, South Korea’s largest commercial hydrogen producer, in a deal expected to exceed 1 trillion won ($770 million).
Sale of Four Points by Sheraton Hotel in Seoul
Macquarie Asset Management is set to sell the four-star Four Points by Sheraton Josun Seoul Station hotel for about 170 billion won ($118.7 million) to South Korea’s KB Asset Management, according to investment banking sources.
Macquarie's DIG Airgas Divestment
The firm has begun selling its 100% stake in DIG Airgas Co., South Korea’s third-largest industrial gas producer. This transaction is projected to be the country’s largest buyout deal.
Macquarie Korea Infrastructure Fund Buys Hanam IDC Data Center
Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to purchase a 40-megawatt data center from IGIS Asset Management Co. in Seoul for 734 billion won ($538 million).
"Macquarie is moving to appoint..." – investment banking sources
Macquarie continues to divest major assets across South Korea, reflecting strategic portfolio adjustments in infrastructure and energy sectors.