09-07-2025
Macquarie Is Said to Weigh Sale of Singapore Petrochemical Asset
Macquarie Group Ltd. 's asset management arm is considering selling its 50% stake in a chemical storage terminal at Singapore's Jurong Island, according to people familiar with the matter.
Macquarie Asset Management is working with a financial adviser on the potential disposal of the stake in Advario Singapore Chemical Pte, which may attract interest from infrastructure-focused funds and industry players, the people said, asking not to be identified because the deliberations are private. A stake sale could fetch several hundred million dollars, the people said.