CDC Data Centres has sealed the biggest digital infrastructure deal since AirTrunk’s $24 billion sale to Blackstone last year, selling a minority stake to Australia’s sovereign wealth fund and New Zealand investment firm Infratil in a transaction that values the data centres group at $17 billion.
In an agreement struck late on Monday, Commonwealth Superannuation Corporation agreed to sell a 12.04 per cent stake in CDC to two other existing investors, the Future Fund and ASX-listed Infratil for $2.05 billion. The Commonwealth Superannuation Corporation remains a shareholder.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
