scorecardresearch
Wednesday, August 7, 2024
Support Our Journalism
HomeTechData centre operator Equinix mulls minority stake sale in Hong Kong assets,...

Data centre operator Equinix mulls minority stake sale in Hong Kong assets, sources say

Follow Us :
Text Size:

By Kane Wu and Yantoultra Ngui
HONG KONG/SINGAPORE (Reuters) – Global data centre operator Equinix is considering a sale of a minority stake in its Hong Kong facilities, valuing the assets at around $2 billion, two sources said, in a move to capitalise on the boom in demand from artificial intelligence.

Equinix has hired Citigroup to run the sale, the sources said, who have direct knowledge of the matter but declined to be named as the information is confidential.

...

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular