Vantage Data Centers, an American data center management company, is considering selling assets in Hong Kong. This is reported in the Vantage press release.
Vantage, with the support of the investment company DigitalBridge Group Inc., has engaged financial advisers and potential investors to assess the value of the transaction, which could range from $300 million to $500 million.
The deal includes data centers in three areas of Hong Kong (Fo Tan, Kwai Chung and On Lok), acquired from local telecommunications provider PCCW Ltd. for $750 million in July 2021, as well as Kowloon, which was opened in 2022.
Negotiations are ongoing and do not guarantee a final agreement.
In January 2024, Vantage invested $6.4 billion in operations in Europe, the Middle East and Africa with the support of DigitalBridge and Silver Lake Management in addition to 1.5 billion euros ($1.6 billion) provided by AustralianSuper.
In March 2024, Vantage received a loan of $64 million from CTC Bank Co. and Cathay United Bank Co., for the construction of the first data center in Taipei (Taiwan) and the second campus in Zurich (Switzerland). In addition, on April 23, Vantage received a $3.0 billion loan for business development in North America from Wells Fargo Securities.
DigitalBridge Group Inc. is an American investment company headquartered in Boca Raton, Florida.
Vantage is an American data center management company for hyperscalers (cloud providers for the development of artificial intelligence) and for other technology companies. The company has 34 data centers in different countries. The headquarters is located in Denver, Colorado, and in the Asia-Pacific region - in Singapore.
More news is on the Telegram channel "Mergers and Acquisitions. AK&M».
