June 2024
Infratil fundraising to fuel growth and invest in data centre operator CDC
Listed infrastructure investment company, Infratil, is set to raise NZ$1.15 billion (€658 million) through a fully underwritten share placement. The funds will be used to support growth and further investment in CDC, a data centre operator in Australia and New Zealand.
CDC, based in Canberra, operates with a capacity of 268MW and is 48.2% owned by Infratil, with the Future Fund and the Commonwealth Superannuation Corporation (CSC) each holding 25% stakes. Infratil's CEO, James Boyce, anticipates that CDC's major shareholders will participate in the equity raising, with interests associated with Infratil's manager, Morrison, pre-committing to NZ$63.27 million worth of new shares.
Approximately A$600 million (€370 million) of the equity raising will be allocated to CDC over the next two years, representing its pro-rata share of the estimated funding capacity required for its medium-term development pipeline.
Read more here: Infratil plans monster $1.15b capital raise for data centre growth - NZ Herald
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