Global Data Centre Group (AU:GDC) has released an update.
Global Data Centre Group has announced a profitable divestment of its investment in Etix Everywhere, a European data centre platform, for $175 million, which reflects a substantial 52% increase over its previous valuation. The deal, subject to regulatory approvals, is expected to close in FY25’s first quarter, aligning with the Group’s value realization strategy. This strategic move is set to provide a significant return to shareholders, highlighting the company’s successful investment and divestment approach.
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