Dow Sells 40% Stake in Gulf Coast Assets

Dow Inc. has announced a definitive agreement to sell a 40% equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management, with the potential to increase to 49% within six months. This partnership will establish Diamond Infrastructure Solutions, which is designed to provide specialized infrastructure services at five Dow locations in Texas and Louisiana. The initial cash proceeds from the sale are expected to be approximately $2.4 billion, with total potential proceeds up to $3.0 billion. Dow's CEO, Jim Fitterling, emphasized that the transaction will enhance financial flexibility and enable further investment in high-value opportunities. The deal is anticipated to close in the first half of 2025, pending regulatory approvals. Both companies aim to leverage their expertise to drive operational efficiencies and growth opportunities for third-party customers.