CDC Data Centres $16b sale off to the races; three big funds prep bids

The Australian Financial Review
2024-12-11

Infratil-backed CDC Data Centres, where a circa 12.5 per cent stake is for sale at a $16 billion valuation, has attracted a trio of heavyweight bidders, Street Talk can reveal.

Alongside Australian Retirement Trust’s deal makers – who made a killing when sector gorilla AirTrunk sold for $24 billion-plus in September, banking sources said local infrastructure fund manager IFM Investors and Canadian pension giant Caisse de dépôt et placement du Québec were preparing to lob first round offers by this week’s deadline.

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