Infratil, alongside The Future Fund, has exercised its pre-emption rights to acquire a 12.04% stake in CDC Data Centres from Commonwealth Superannuation Corporation.
Infratil will acquire approximately 1.58% of CDC's ordinary shares for A$216 million (NZ$239.5), while Future Fund will acquire the remaining 10.46% of the stake.
After the completion of the deal, Infratil will own 49.75% of CDC, Future Fund will own 34.55%, and CSC will own 12.04%.
CDC's management, led by CEO Greg Boorer, will retain a 3.66% shareholding.
The total equity value of the transaction is A$13.7 billion.
Infratil's acquisition will be funded through existing debt capacity and cash reserves, and is expected to be completed in the second half of 2025, pending customary closing conditions.
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