Dow closes $2.4B sale of 40% stake in Diamond Infrastructure to Macquarie

DOW INC.

Sold 40% equity stake in Diamond Infrastructure Solutions to a Macquarie Asset Management fund.
Initial cash proceeds of ~$2.4B; Macquarie can increase stake to 49% within 6 months for additional ~$600M.
Total potential proceeds of ~$3.0B if option is exercised; proceeds to support balanced capital allocation.
Dow retains majority control; Diamond was formed in 2023 and announced Dec 2024 as dedicated infrastructure company.
Citi and Goldman Sachs acted as financial advisors; Linklaters provided legal support.

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