Infratil's Canberra data centre purchase delayed by election uncertainty

Mon, 11 Jul 2016

By Edwin Mitson July 11 (BusinessDesk) - Infratil's planned purchase of a 48 percent stake in Canberra Data Centres has been delayed due to the uncertainty generated by the outcome of the Australian federal election. In a statement to the NZX, chief executive Marko Bogoievski said the A$392 million transaction had been due to complete late in July, but that the time taken to form a government had led to longer than expected timeframes for obtaining approval from the country's Foreign Investment Review Board. The infrastructure invest...

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