Infratil Limited (IFUUF) has released an update.
Infratil Limited is set to bolster its growth with a significant NZ$1,150 million equity raise, targeting investments in the data centre operator CDC’s expansion and other ventures across its portfolio. The equity raise, divided into a NZ$1,000 million placement and a NZ$150 million retail offer, comes as CDC experiences a spike in demand for data centre capacity, attributed to cloud adoption and AI advancements. This funding initiative is expected to provide Infratil with considerable liquidity and reduce group gearing, while maintaining its FY25 financial guidance.
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