Announced
Financials
Tags
Germany
Cross Border
Acquisition
Minority
Internet
Pending
Single Bidder
Friendly
Private Equity
Joint Venture
fibre optics
Private
Synopsis
ifm Global Infrastructure Fund, an alternative asset fund operated by Ifm Investors, agreed to acquire a 50% stake in GlasfaserPlus, a fibre optic unit, from Deutsche Telekom, a German telecommunications company, for $1bn. "This is an attractive investment for ifm’s Global Infrastructure Fund – the GlasfaserPlus joint venture has strong socio-economic benefits as well as long-term cash-flow predictability, which will help us deliver on our purpose, which is to protect and grow the long-term retirement savings of working people," Kyle Mangini, ifm Global Head of Infrastructure.
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