News: ORI Keppel Infrastructure says it is preferred bidder for Blackstone's Ixom

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    SINGAPORE, Oct 30 (Reuters) - Singapore's Keppel Infrastructure Trust KEPL.SI said it has been selected as the preferred bidder for Blackstone Group's BX.N sale of Australian chemical firm Ixom Holdco Pty Ltd.

    Keppel will complete any final stage due diligence and enter into negotiations to finalise the share sale agreement, it said in a statement late on Monday. The business trust's portfolio includes the producer and retailer of piped town gas in Singapore and waste-to-energy plants.

    Keppel did not give financial details, but the Australian Financial Review reported on Monday the potential deal would be worth about A$1 billion ($706 million).

    Ixom manufactures and distributes water treatment products and other chemical products.

    Blackstone funds purchased the business from Orica Ltd (ORI) , the world's top supplier of commercial explosives, for A$750 million in 2015.

    ($1 = 1.4162 Australian dollars)

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$21.29
Change
0.010(0.05%)
Mkt cap ! $10.22B
Open High Low Value Volume
$21.28 $21.40 $21.22 $1.975M 92.66K

Buyers (Bids)

No. Vol. Price($)
14 1352 $21.29
 

Sellers (Offers)

Price($) Vol. No.
$21.30 890 10
View Market Depth
Last trade - 11.37am 29/07/2025 (20 minute delay) ?
ORI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.