Announced
Completed
Financials
Tags
Completed
Private Equity
Friendly
Acquisition
United Kingdom
Minority
data centers
it management services
Data Centers and Hosting
Private
Single Bidder
Synopsis
Shagang Group, the privately owned steelmaker in China, completed a $2.2bn acquisition of 24% stake in Global Switch, a British data center provider. “We are delighted that the Shagang Group, one of China’s leading private companies, with a track record for investment acumen, manufacturing and service excellence, has acquired a further 24.01% stake in Global Switch and we welcome the new Board director representatives. This further investment is a continued testament to the quality of the company, strong track record of financial performance and super prime locations," John Corcoran, Global Switch CEO.
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