Are Keppel the Preferred Bidder For Blackstone-Backed Ixom?

Written by: Poppy Skinner Created: 30 October 2018

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.

Written by: Poppy Skinner

Poppy covers a wide range of topics at Billionaire, having spent the past 13 years at companies including Singapore Tatler, Her World Plus and Harpers Bazaar UK. She has a passion for fashion, jewellery and travel as well as an avaricious fascination with crime novels. Follow her at poppypskinner on Instagram.