Tech
ACS, BlackRock launch $2 billion data centre joint venture
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Spain’s ACS and BlackRock’s Global Infrastructure Partners have created a joint venture to develop an initial 2 billion euro ($2.33 billion), 1.7 gigawatt portfolio of data centres, the Spanish company said on Friday.
Both companies will have a 50% stake in the joint venture, ACS said. The transaction will provide ACS a 100 million capital gain, it added.
The new development platform will include the existing portfolio of data centre assets ACS is developing across Europe, the US and Australia after its recent focus on building infrastructure to meet…
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