Washington | A fund controlled by Macquarie Asset Management will buy an initial $US2.4 billion ($3.7 billion) stake in gas pipeline, power and storage infrastructure business from the New York listed Dow Inc.
Macquarie Infrastructure Partners No. 6 will take an initial 40 per cent equity stake in Diamond Infrastructure Solutions which controls five assets at Dow’s manufacturing sites in Texas and Louisiana in the US Gulf Coast.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
