Infratil (ASX:IFT) Increases Stake in CDC Data Centres
Investment Details
Infratil Limited announced it has increased its investment in CDC Data Centres by acquiring a 12.04% stake from Commonwealth Superannuation Corporation for approximately A$216 million. This acquisition, alongside Future Fund, positions Infratil and Future Fund as major shareholders in CDC, owning 49.75% and 34.55% respectively, while CSC retains 12.04% ownership.
CDC’s Growth and Expansion
CDC Data Centres continues to expand its capacity with projects including new campuses at Marsden Park and Laverton. The Laverton campus, currently under development, will add approximately 210MW to CDC’s operational footprint. Additionally, CDC’s total capacity reaches approximately 2.5GW across operational, under construction, and development phases.
Executive Comments
Infratil CEO Jason Boyes stated, “CDC has been one of our most successful investments, and this increased ownership reinforces our commitment to investing in ‘ideas that matter’. It reflects our strong conviction in CDC and the powerful tailwinds driving digital infrastructure. With this investment, Infratil gains additional governance rights, and we look forward to working alongside Future Fund and CSC to support CDC’s strategic direction and long-term growth. We remain focused on expanding CDC’s capacity and delivering high-quality digital infrastructure to meet our customers’ growing demand. With a strong shareholder base and a long-term investment horizon, CDC is well-positioned to make the investments needed for sustained growth across key markets.”
CDC CEO Greg Boorer commented, “CDC has grown from humble beginnings to become one of the premier data centre platforms, renowned globally for our quality, customer obsession and leading-edge technology innovation. I am very proud of what my management team has been able to achieve. This would not have been possible without the quality and conviction of all of our shareholders – Infratil, Future Fund and CSC – backing us long term to succeed at a scale never attempted before in these parts of the world. Together, we will continue to execute on our growth goals and ensure that CDC continues to position ourselves for growth in relevant markets and consolidate our status as one of the premier partners to the world’s largest and most critical organisations. This transaction positions CDC perfectly to execute on our plans.”
James White, Director, Infrastructure of the Future Fund said, “We are delighted to be able to increase our investment in such a high-quality Australian business with a proven track record in building and operating critical infrastructure.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.