Dow Gets $540 Million as Macquarie Boosts Diamond Stake to 49%
By Colin Kellaher
Dow has sold an additional 9% stake in Diamond Infrastructure Solutions, the U.S. Gulf Coast infrastructure partnership it formed earlier this year with Macquarie Asset Management, to Macquarie for $540 million.
Dow on Tuesday said the sale boosts Macquarie's stake in the partnership to 49% and brings the Midland, Mich., chemical company's total cash proceeds from the deal to about $3 billion.
Dow earlier this year sold a 40% stake in select Gulf Coast infrastructure assets to Macquarie for $2.4 billion in a deal that included an option for the investment arm of Australian financial-services provider Macquarie Group to boost its stake to 49%.
Macquarie, one of the world's largest private infrastructure investors by assets under management, made the investment through its Macquarie Infrastructure Partners VI fund.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 02, 2025 07:02 ET (11:02 GMT)
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