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Keppel Infrastructure Trust confirms participation in sale process for Australian chemical firm Ixom
FOLLOWING media reports about its potential interest in Australian chemical firm Ixom Holdco Pty Ltd, which is controlled by Blackstone Group, Keppel Infrastructure Trust (KIT) confirmed "its participation in a sale process for Ixom" in a Singapore Exchange filing on Tuesday night.
"There is no certainty or assurance that a transaction will materialise," added KIT. It advised unitholders to exercise caution when dealing in its units and said further announcements would be made as appropriate, if and when there are any material developments.
Based in Australia and New Zealand, Ixom manufactures and distributes essential water treatment chemicals and other chemicals. Ixom owns an extensive infrastructure network that includes chlor-alkali plants, import and storage terminals, as well as distribution assets.
According to media reports, people familiar with the matter had said in August that a sale of Ixom could fetch more than US$1 billion.