Keppel Infrastructure Trust to acquire Ixom

Date: November 23, 2018

Keppel Infrastructure Fund Management Pte Ltd, in its capacity as Trustee-Manager of Keppel Infrastructure Trust (KIT), announced on 15 November 2018 that it has entered into a share sale agreement with certain funds managed by Blackstone and certain management sellers for the proposed acquisition of a 100% interest in Ixom HoldCo Pty Ltd (Ixom) for A$777 million (S$775 million). On completion of the acquisition which is expected in 1Q 2019, KIT’s enlarged portfolio will grow from S$3.8 billion to S$5.1 billion.

Merits of the proposed acquisition:

  • A Strong and Stable Infrastructure Business: Supported by a large network of well-positioned infrastructure
  • A Business with Growth Potential: Amongst the leading businesses in the provision of key chemicals for fundamental industries with favourable market trends
  • Stable and Resilient Cash Flows: Large and diversified customer base, as well as long-term customer relationships
  • Complementary Business Driving Sustainable Growth: DPU yield accretive acquisition that strengthens KIT’s portfolio mix and overall value proposition

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