Macquarie Reduces Stake in LG CNS
Private equity firm Macquarie Asset Management has sold approximately 7% of its stake in LG CNS Co., the IT services division of South Korea’s LG Group, through a block sale valued at $310 million and priced with a 9% discount.
Macquarie's Sale of Approtium
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 (about $770 million), according to investment banking sources.
Hotel Sale in Seoul
Macquarie is set to sell the Four Points by Sheraton Josun hotel in Seoul, a four-star property, for roughly 170 billion won ($118.7 million) to South Korea’s KB Asset Management, as reported by industry insiders.
Divestment of DIG Airgas
The company has started the process to divest its entire ownership in DIG Airgas Co., South Korea’s third-largest industrial gas producer. This deal could become the largest buyout in the country.
Data Center Acquisition by Macquarie Korea Infrastructure Fund
Macquarie Korea Infrastructure Fund (MKIF) has reached an agreement to purchase a 40-megawatt data center from IGIS Asset Management Co., based in Seoul. The acquisition 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 Asset Management is poised to sell a four-star hotel in Seoul for about 170 billion won ($118.7 million) to South Korea’s KB Asset Management.”
Summary: Macquarie Asset Management is actively divesting stakes in key South Korean assets—including LG CNS, Approtium, a Seoul hotel, DIG Airgas, and a major data center—amounting to billions in total value.