Macquarie is seeking to sell DIG Airgas in a deal that could value the South Korean gas company at up to $3.6 billion, Reuters reported Tuesday, citing sources familiar with the matter.

Bidders include KKR (KKR), Brookfield Asset Management (BAM), and Air Liquide, along with infrastructure investors I Squared Capital and Stonepeak, the report said.

Air Products (APD) has also expressed interest in the Seoul-based firm, which is the country's third-largest industrial gas producer, the report added.

Macquarie has appointed Goldman Sachs (GS) and JPMorgan (JPM) to manage the sale and expects non-binding bids within this month, the report said.

DIG Airgas generates $170 million to $180 million in Ebitda, and Macquarie aims for a valuation of 18 to 20 times core earnings, the report said.

Macquarie, KKR, Brookfield, Air Liquide, Air Products, Goldman Sachs, and JPMorgan did not immediately respond to MT Newswires' request for comment.

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