(Kiran News) – Dow announced on Tuesday that it has sold an additional stake in its infrastructure venture, Diamond Infrastructure Solutions, to partner Macquarie Asset Management for $540 million. The move is part of Dow’s ongoing strategy to focus more closely on its core business.
With this latest transaction, Macquarie’s stake in Diamond Infrastructure Solutions increases to 49%. The sale brings Dow’s total proceeds from the venture to approximately $3 billion.
This development follows an earlier agreement between Dow and the Australian asset management firm Macquarie, under which Diamond Infrastructure Solutions was established to provide infrastructure services to Dow and other industrial customers.
Earlier this year, Dow completed the sale of a 40% stake in certain U.S. Gulf Coast infrastructure assets to a Macquarie-managed fund for $2.4 billion.
Dow has been actively reviewing its ownership in non-product producing assets across its global portfolio, which includes areas such as power, steam production, and pipelines.
Diamond Infrastructure Solutions currently serves Dow and other industrial clients at five locations across Texas and Louisiana.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
