Infratil gains as CDC Data Centres valuation jumps

Mon, 06 Jan 2020

Infratil shares jumped to a record after the infrastructure investor said the value of its holding in CDC Data Centres jumped as much as 77 percent between March 31 and Dec. 31.The latest independent valuation puts Infratil’s stake at between A$1.27 billion and A$1.6 billion or NZ$1.33 billion to NZ$1.67 billion. That's up from a NZ$841 million-to-NZ$942 million range as at March 31 last year. Infratil said the higher valuation reflected the completion and delivery of initial customer capacity at the Hume 4 data centre in Canberra last month.As...

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