Macquarie unloads 7% stake in LG CNS via $310 mn block sale at 9% discount - KED Global

Macquarie Asset Management Sells 7% Stake in LG CNS

Private equity firm Macquarie Asset Management has sold approximately 7% of its stake in LG CNS Co., the IT services division of South Korea’s LG Group. The sale was conducted via a block transaction valued at $310 million, at a 9% discount.

Macquarie's Other Recent Asset Sales in South Korea

"Macquarie Asset Management is poised to sell a four-star hotel in Seoul for about 170 billion won ($118.7 million) to South Korea’s KB Asset Management," stated investment banking sources.

Summary: Macquarie Asset Management is actively divesting significant South Korean assets, including a 7% stake in LG CNS and several key infrastructure and industrial holdings, in multi-billion dollar deals.

more

The Korea Economic Daily Global Edition The Korea Economic Daily Global Edition — 2025-11-06

More News