Ixom deal could lift Keppel Infrastructure Trust's DPU

Singapore

BUYING an Australian chemicals business could help Keppel Infrastructure Trust grow its distribution per unit (DPU), according to an analyst.

But he also warned that the debt raised to finance the deal would be a concern given the size of the target. Previous media reports have said that the Blackstone Group's Ixom could go for more than A$1 billion (S$980 million).