Business
Dow finalizes strategic partnership with Macquarie Asset Management as an investor in Diamond Infrastructure Solutions, its dedicated infrastructure company
Dow (NYSE: DOW) today announced the completion of the sale of a 40% equity stake in Diamond Infrastructure Solutions, a dedicated infrastructure company with select U.S. Gulf Coast infrastructure assets, to a fund managed by Macquarie Asset Management, a leading global infrastructure and energy asset manager.
About this update from Dow Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Dow sold an initial 40% equity stake in Diamond Infrastructure Solutions, a dedicated infrastructure company with assets across the U.S. Gulf Coast, to a fund managed by Macquarie Asset Management","length":201,"tagName":"p"}]},{"val":[{"type":"text","content":"Macquarie Asset Management has an option to increase its equity stake to 49% within six months of closing","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Dow received initial cash proceeds of approximately $2.4 billion, with potential to receive up to approximately $3.0 billion in total if the option is exercised","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds will be used to support Dow's balanced capital allocation approach ","length":79,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":545,"olType":false},{"type":"text","content":"MIDLAND, Mich., May 1, 2025 /PRNewswire/ -- Dow (NYSE: DOW) today announced the completion of the sale of a 40% equity stake in Diamond Infrastructure Solutions, a dedicated infrastructure company with select U.S. Gulf Coast infrastructure assets, to a fund managed by Macquarie Asset Management, a leading global infrastructure and energy asset manager.","length":364,"tagName":"p"},{"type":"image","alt":"Dow, Inc. (PRNewsfoto/The Dow Chemical Company)","displaySize":"","headline":null,"caption":"Dow, Inc. (PRNewsfoto/The Dow Chemical Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":320,"url":"https://media.zenfs.com/en/prnewswire.com/29f724509730ec499fa49d672467e82c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/j5bSZHRjNXBL2nMVQtX6ew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU2NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/29f724509730ec499fa49d672467e82c","width":400,"height":320}},"href":"https://mma.prnewswire.com/media/1556013/The_Dow_Chemical_Company_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This growth-focused transaction to create a new infrastructure business entity represents a strategic partnership between Dow and Macquarie Asset Management that has been several years in the making," said Jim Fitterling, chair and chief executive officer of Dow. "With key assets strategically placed across the U.S. Gulf Coast, Diamond...