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Are Keppel the Preferred Bidder For Blackstone-Backed Ixom?

This deal could be worth close to a billion dollars.



In a statement on Monday, Singapore’s Keppel Infrastructure Trust claimed that it has been selected as the preferred bidder for Blackstone’s Group sale of Australian chemical firm, Ixom Holdco Pty Ltd.


The last stage of the bidding process will see Keppel finish any ongoing due diligence and enter into final negotiations.


So just what are they bidding for? Well, the business portfolio includes the producer and retailer of piped gas in Singapore as well as waste-to-energy plants.


Although Keppel didn’t release any financial details, the Australian Financial Review has reported that the deal could be worth S$706 million.