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0 -0.0192556401781865 -0.0192556401781865 -0.0192556401781865 -0.0136103298914047 -0.00884260874920442 -0.011424055180342 -0.0145751647404183
Stock impact report

Equinix & CPP Investments to Buy atNorth & Expand Data Center Footprint [Yahoo! Finance]

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
Company Research Source: Yahoo! Finance
Equinix, Inc. EQIX and Canada Pension Plan Investment Board (CPP Investments) announced that they have jointly agreed to acquire atNorth from Partners Group for $4.2 billion, with the valuation subject to customary closing conditions. The entity is a leading Nordic provider of high-density colocation and built-to-suit data centers. While CPP Investments will invest $1.6 billion owning nearly 60% controlling interest, the rest 40% will be owned by Equinix. Upon closure, the transaction will be immediately accretive to EQIX's adjusted funds from operations (AFFO) per share. The joint agreement between EQIX and CPP Investments will provide atNorth with scaling capabilities to capitalize on the opportunities created by the burgeoning demand for data center infrastructure. The existing portfolio of atNorth comprises eight operational data centers, with several sites under development across Denmark, Finland, Iceland, Sweden and Norway. The company plans further expansion with 1 GW of Show less Read more
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