Macquarie Asset Management (MAM) has shortlisted Brookfield Asset Management, Stonepeak, and Air Liquide for the final bidding round for South Korean industrial gas firm DIG Airgas, according to Reuters.
Binding bids for South Korea’s third largest industrial gas producer are expected to come in around the end of July or early August, the report states. MAM bought DIG Airgas for $1.85bn in 2019.
The Korean industrial gas firm offers modern large-scale air separation units and specialty gas manufacturing facilities in Banwol, Yangsan, Yeocheon, Cheongju, Daejeon, Gumi, Paju, and Ulsan. Gases are distributed by cold evaporator tanks, liquid gas containers and cylinders.
The French industrial gas major has been in the Korean market since 1996.
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