Macquarie Unloads 7% Stake in LG CNS with $310 Million Block Sale
Private equity firm Macquarie Asset Management has sold approximately 7% of its shares in LG CNS Co., the IT services unit of South Korea’s LG Group, through a block sale valued at $310 million, offered at a 9% discount.
Sale of Approtium’s Ulsan Plant
Macquarie Asset Management 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.
Four Points by Sheraton Seoul Hotel Sale
Macquarie is preparing to sell the four-star Four Points by Sheraton hotel in Seoul to KB Asset Management for about 170 billion won ($118.7 million), as reported by investment banking industry insiders.
Sale of DIG Airgas Facilities
The firm has also begun the process to divest its entire stake in DIG Airgas Co., South Korea’s third-largest industrial gas producer, in what could become the country’s largest buyout deal.
Acquisition of Hanam Data Center by Macquarie Korea Infrastructure Fund
Macquarie Korea Infrastructure Fund (MKIF) has agreed to purchase a 40-megawatt data center from Seoul-based IGIS Asset Management Co. for 734 billion won ($538 million).
"Macquarie is scheduled to complete these significant transactions as part of its strategic portfolio adjustments in South Korea."
These moves reflect Macquarie’s active restructuring and asset turnover strategy within the South Korean market, focusing on key infrastructure and service sectors.
Author's summary: Macquarie is strategically reducing its holdings in South Korea through major sales, including LG CNS, hydrogen production, hospitality, industrial gases, and data infrastructure assets.