Global Data Centre Expects to Receive Around AU$123 Million from AirTrunk Sale, Future Operations Undecided; Shares Decline 7%
Global Data Centre Group (ASX:GDC) expects to receive around AU$123 million or around AU$1.59 per security as a unitholder in a fund managed by Macquarie Asset Management, which holds an equity interest in AirTrunk, which was acquired by a Blackstone-led consortium last Wednesday, Sept 4, according to a Monday filing to the Australian bourse.
Macquarie Group (ASX:MQG)-owned Macquarie Asset Management and The Public Sector Pension Investment Board and Canada Pension Plan Investment Board agreed to the sale. As a unitholder, Global Data Centre Group was not involved in negotiations on the transaction, the filing stated.
Closing of the transaction is conditional on approval from Australia's Foreign Investment Review Board (FIRB). Proceeds will be distributed to shareholders after close, as per the filing.
No decision has been made on the future operations of Global Data Centres following the transaction and the sale of its Etix Everywhere and Perth Data Centre assets, the filing added.
Shares of the digital infrastructure investment firm declined 7% in recent trade.
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