Infratil Increases Investment in Data Center Firm; Shares Rise 3%

MT Newswires Live

02-18

Infratil (NZE:IFT, ASX:IFT) said, it has exercised pre-emption rights alongside Future Fund to buy a 12.04% stake in CDC Data Centres from Commonwealth Superannuation Corporation following an external sale process launched in November 2024, according to a Tuesday Australian bourse filing.

The company will acquire 1.58% of CDC's ordinary shares while Future Fund will buy the remaining 10.46% for a total consideration of AU$13.7 billion, the filing added.

After the deal, Infratil will own a 49.75% stake in CDC, said the filing.

Company shares rose 3% in recent trade in New Zealand.

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