GDC Announces Lucrative AirTrunk Divestment Deal

Global Data Centre Group (AU:GDC) has released an update.

Global Data Centre Group (GDC) has announced the divestment of its indirect investment in AirTrunk through a sale led by Blackstone, with proceeds for GDC estimated at approximately A$123 million, or ~$1.59 per security. The transaction is pending regulatory approval, and GDC plans to distribute the proceeds to its securityholders post-closure. No further plans for the company’s operations post-distribution have been disclosed.

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