Infratil Limited
(ASX:IFT) has agreed to buy a 48% shareholding in Canberra Data Centres for $392 million.
The company says that consideration for this deal also includes estimated transaction costs of $11 million.
Infratil’s CEO, Marko Bogoievski, says that the purchase will provide his company with “
meaningful exposure” to the emerging data and telecommunications infrastructure sectors.
The NZ investment company expects this transaction to settle in late July, pending approval by FIRB.
Infratil reported a net profit of $428.08 million at 30 September 2015.
