Infratil to acquire 48% of Canberra Data Centres for A$392 mln

Wed, 18 May 2016

By Paul McBeth May 19 (BusinessDesk) - Infratil will spend A$392 million for a 48 percent stake in Canberra Data Centres, teaming up with Australian government pension fund provider Commonwealth Superannuation Corp to buy the data centre business. The announcement comes a day after the Wellington-based investor announced its annual results and said it expected to unveil new investments in the near future. The deal values CDC's equity at A$816 million after A$300 million of net debt and A$23 million of transaction costs are removed from t...

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