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Announced

BentallGreenOak to invest €140m in Bulk Infrastructure.

Financials

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Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

data center

Single Bidder

Private

Cross Border

Friendly

fiber network developer and operator

Information / Data Services

Minority

Norway

Synopsis

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BentallGreenOak, an investment platform and integrated real estate services, agreed to invest €140m in Bulk Infrastructure, a Nordic data center, fiber network developer and operator, and logistics real estate developer. “This partnership provides us with a solid financial platform as Bulk Infrastructure is opportunity rich in all three business areas. As an example, we see opportunity for major capacity add in our three existing Data Center campuses as well as in other Nordic destinations. Bulk Infrastructure’s combination of reliable and cost-effective access to 100% green power from renewable sources, cold climate, stable business environment, and well-positioned fiber optic network, is uniquely situated to attract a significant share of the rapidly growing European and global data center market,”Jon Gravråk, Bulk Infrastructure CEO.

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