Macquarie to Pay $2.4B for 40% Stake in Dow Gulf Coast Assets; Sidley, Linklaters Advise

The chemical giant Dow announced Monday that it has agreed to sell a 40 percent stake in five non-producing infrastructure assets located throughout the Texas/Louisiana Gulf Coast to a fund managed by Australia’s Macquarie Asset Management.

Assets to be included in a newly-created partnership involve power and steam production, pipelines and general industrial site infrastructure in Freeport and Seadrift, in Texas and Plaquemine and St. Charles in Louisiana along with pipeline and storage assets adjacent to NGL and olefin hubs.