Infrastructure investment company Infratil (ASX: IFT) has revealed that, alongside The Future Fund, it has exercised pre-emption rights to acquire a 12.04% stake in CDC Data Centres Commonwealth Superannuation Corporation (CSC) following an external sale process launched in November 2024.
Under the agreement, Infratil will acquire approximately 1.58% of CDC’s ordinary shares for around $216 million, with Future Fund acquiring the remainder (10.46%) of the 12.04% stake sold by CSC.
Upon completion, Infratil, Future Fund and CSC will own 49.75%, 34.55% and 12.04% of CDC, respectively. The CDC management, led by CEO Greg Boorer as the largest individual shareholder, will retain 3.66% of shares.
The consideration represents an Equity Value of $13.7 billion (100% basis) and is consistent with Infratil’s return requirements. The purchase price is subject to customary completion adjustments.
“CDC has been one of our most successful investments, and this increased ownership reinforces our commitment to investing in ‘ideas that matter’. It reflects our strong conviction in CDC and the powerful tailwinds driving digital infrastructure,” Infratil CEO, Jason Boyes, said.
“With this investment, Infratil gains additional governance rights, and we look forward to working alongside Future Fund and CSC to support CDC’s strategic direction and long-term growth. We remain focused on expanding CDC’s capacity and delivering high-quality digital infrastructure to meet our customers’ growing demand.
“With a strong shareholder base and a long-term investment horizon, CDC is well- positioned to make the investments needed for sustained growth across key markets.”
With a total of ~2.5GW of capacity across its operational, under construction and development pipeline, CDC is a strategic data centre provider of global scale and a long-term partner to some of the largest and most important organisations in the world.
