Dow Chemical (DOW, Financial) has agreed to sell a 40% stake in its Gulf Coast infrastructure assets to Macquarie Asset Management, with a potential increase to 49% post-transaction. The deal is expected to generate approximately $2.4 billion in initial cash, potentially reaching $3 billion in total proceeds.
The partnership, named Diamond Infrastructure Solutions, will leverage Dow's operational strengths and Macquarie's expertise in infrastructure and energy. This collaboration aims to open Dow's Gulf Coast plant resources to third-party clients, fostering new growth opportunities.
The assets involved include non-product production facilities across five manufacturing sites in Texas and Louisiana. The transaction is anticipated to close in the first half of 2025, subject to regulatory approvals.
