Bidders line up for stake in UK data centre developer
A majority stake in London-based global data centre developer and operator Global Switch is reportedly up for grabs, with advisers hired to assess a potential sale.
Firms are already lining up to buy the stake with rumoured bidders including:
A source told IJGlobal that the deal has an estimated value of up to €8 billion ($9 billion).
Global Switch’s portfolio covers 428,000 sqm with data centres based in “Tier 1 cities” throughout Europe and Asia-Pacific. It operates 13 data centres located in:
- London
- Amsterdam
- Frankfurt
- Paris
- Madrid
- Hong Kong
- Singapore
- Sydney
In August 2019, a 24% stake in Global Switch was acquired by Suzhou-based Chinese steel company Jiangsu Shagang Group (JSG) for £1.8 billion.
Late last year (November, 2021) Global Switch addressed media speculation, stating that the company “continues to evaluate their options to potentially introduce international strategic investors to the Company and create liquidity for their stakes at the same time”.
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