2221 GMT - Barrenjoey sees plenty of positives in Infratil's purchase of more equity in CDC Data Centres. Infratil says it will exercise pre-emption rights, along with Australia's Future Fund, for a 12.04% stake put up for sale by Commonwealth Superannuation Corp. Infratil will buy around 1.58% of CDC shares for A$216 million, with the Future Fund acquiring the rest. Analyst Eric Choi says the deal implies Infratil's enterprise value is now some A$17 billion, above Barrenjoey's A$15.8 billion estimate and the last independent expert valuation of A$13.4 billion. Barrenjoey also thinks Infratil may now be able to appoint a majority of directors to CDC's board. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 17, 2025 17:21 ET (22:21 GMT)
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