Infratil $480m injection prevents CDC devaluation

Infratil chief executive Jason Boyes. (Image: Mark Mitchell)

Tue, 07 Jan 2025

A $480m cash injection into Canberra Data Centres has prevented the value of Infratil’s holding from falling for the first time since it acquired its 48% stake in 2016. The infrastructure investor told the New Zealand Exchange (NZX) on Monday it committed A$433m (NZ$479.6m) in equity to the trans-Tasman data centre developer and operator (CDC).When Infratil announced a $1.15b equity raise in June, the firm said it intended to use much of the proceeds for CDC’s accelerated growth.On Monday, it said it expects to commit a furthe...

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