Asia Pacific Data Centre Group offers NEXTDC data centres for $300M

Company News

by Jessica Ellerm


Asia Pacific Data Centre Group (ASX:AJD) has announced it has offered NEXTDC (ASX:NXT) the sale of its asset portfolio at $300 million.

NEXTDC is the tenant of each of APDC’s data centres, and, under the leasing terms, APDC must first offer them to NEXTDC on specified terms.

NEXTDC has 20 days under which to accept the offer.

If it fails to do so, APDC is free to sell the portfolio for $300 million or more.

Shares in Asia Pacific Data Centre Group (ASX:AJD) are trading flat at $2.00.


 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.