France

Brookfield agrees to acquire France’s data centre firm Data4

2 years ago
BusinessL

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</p> <p>LONDON (Reuters) – French asset manager AXA IM said on Tuesday it has agreed to sell its stake in French data centre firm Data4 to Brookfield Infrastructure for a undisclosed amount. </p> <p>For Brookfield, the deal marks its entrance into the European data centre market with an eye to expansion, the unit of France’s insurer AXA said in the statement.</p> <p>The deal is likely to value the data centre operator at close to 3.5 billion euros ($3.8 billion) including debt, people familiar with the matter told Reuters last month.</p> <p>AXA AM said it will continue to actively seek acquisition and development opportunities in sectors related to the storage and communication of data. </p> <p>Headquartered in Paris, Data4 operates 31 data centres across six countries including France, Italy, Spain and Luxembourg. Its customers include cloud operators and companies.</p> <p>AXA AM acquired Data4 in 2018 for an undisclosed sum.</p> <p> (Reporting by Amy-Jo Crowley and Andres Gonzalez, editing by Kirsten Donovan)</p> </div> <p>[ad_2]<br /> <br /><a href="https://kalkinemedia.com/fr/business-news/business-financial-news/brookfield-agrees-to-acquire-frances-data-centre-firm-data4">Source link </a></p> </div> <footer class="entry-meta"><span class="tag-links"><span class="label">Tags:</span> <a href="https://www.business-line.com/tag/acquire/" rel="tag">acquire</a>, <a href="https://www.business-line.com/tag/agrees/" rel="tag">agrees</a>, <a href="https://www.business-line.com/tag/brookfield/" rel="tag">Brookfield</a>, <a href="https://www.business-line.com/tag/brookfield-agrees-to-acquire-france/" rel="tag">Brookfield agrees to acquire France</a>, <a href="https://www.business-line.com/tag/centre/" rel="tag">centre</a>, <a href="https://www.business-line.com/tag/data/" rel="tag">Data</a>, <a href="https://www.business-line.com/tag/data4/" rel="tag">Data4</a>, <a href="https://www.business-line.com/tag/firm/" rel="tag">Firm</a>, <a href="https://www.business-line.com/tag/frances/" rel="tag">Frances</a></span><!-- .tag-links --></footer><!-- .entry-meta --></div> <nav class="navigation post-navigation" aria-label="Posts"> <h2 class="screen-reader-text">Post navigation</h2> <div class="nav-links"><div class="nav-previous"><a href="https://www.business-line.com/us-consulting-firm-credera-enters-germany-with-partnership/" rel="prev">US consulting firm Credera enters Germany with partnership</a></div><div class="nav-next"><a href="https://www.business-line.com/view-u-s-tech-firms-face-new-eu-rules-for-business-practices/" rel="next">VIEW U.S. tech firms face new EU rules for business practices</a></div></div> </nav> </main><!-- #main --> </div><!-- #end of primary div--> <aside id="secondary" class="col-lg-4 widget-area"> <div class="sticky-sidebar"> <section id="search-5" class="widget widget_search"><form action="https://www.business-line.com/" method="get" class="search-form"> <label class="assistive-text"> Search </label> <div class="input-group"> <input type="search" value="" placeholder="Search" class="form-control s" name="s"> <div class="input-group-prepend"> <button class="btn btn-theme">Search</button> </div> </div> </form> </section><section id="magazinenp_block_post_widget-6" class="widget magazinenp-block-post-widget"> <div class="widget-title-wrapper"><h3 class="widget-title">Recent Additions</h3></div> <div class="row gutter-parent-14"> <div class="col-sm-6 post-col"> <div class="post-item mnp-post-boxed"> <div class="post-content"> <div class="entry-meta category-meta"> <div class="cat-links"> <a class="mnp-category-item mnp-cat-24062" href="https://www.business-line.com/category/uk/" rel="category tag">United Kingdom</a> </div> </div><!-- .entry-meta --> <h3 class="entry-title"><a href="https://www.business-line.com/h1nine-wins-casino-exploring-the-benefits-of-loyalty-programsh1/"><h1>Nine Wins Casino Exploring the Benefits of Loyalty Programs</h1></a></h3> <div class="entry-meta"> <div class="date created-date"><a href="https://www.business-line.com/h1nine-wins-casino-exploring-the-benefits-of-loyalty-programsh1/" title="Nine Wins Casino Exploring the Benefits of Loyalty Programs"><i class="mnp-icon fa fa-clock"></i>2 months ago</a> </div> <div class="by-author vcard author"><a href="https://www.business-line.com/author/xtw183877bca/"><i class="mnp-icon fa fa-user-circle"></i>xtw183877bca</a> </div> </div> <div class="entry-content"> <p>In the dynamic world of gaming, where entertainment and excitement collide, the importance of cultivating a loyal player base cannot be overstated. 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