SINGAPORE - Macquarie Asset Management’s (MAM) 40 per cent stake in Temasek-backed ST Telemedia Global Data Centres’ (STT GDC) United Kingdom subsidiary Virtus could be valued at just over £1 billion (S$1.6 billion), industry sources said.
The deal, announced last August, formally closed in late December after clearing regulatory approvals, STT GDC said in a statement on Tuesday. The acquisition makes Macquarie a significant minority shareholder in Virtus.
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