$500m rise in three months for Infratil's CDC Datacentre stake

$500m rise in three months for Infratil's CDC Datacentre stake
Infratil says its Australasian datacentre investment is one of its most successful. (Image: CDC Datacentres)
Rebecca Stevenson
The value of Infratil’s Australasian datacentre stake has leapt again, rising by more than $500 million in three months. The infrastructure investor told the New Zealand Exchange (NZX) on Thursday morning an independent valuation of its 48.25% shareholding in CDC was now worth up to A$4.9 billion (NZ$5.3b) with a midpoint valuation of A$4.5b. At the end of March, Infratil’s investment in CDC was valued at a midpoint of A$4b or as much as A$4.3b. Infratil said the increase reflected CDC’s updated development pipeline, whic...

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