Brookfield Asset Management is in negotiations to acquire a majority stake in data centre operator Data4, in a deal that values the business at close to €3.5 billion euros, including debt, according to a report by Reuters.
Brookfield Asset Management is in negotiations to acquire a majority stake in data centre operator Data4, in a deal that values the business at close to €3.5 billion euros, including debt, according to a report by Reuters.
Unnamed Reuters sources have revealed that Brookfield has beaten off other investments firms in the battle to strike a deal for Data4 following an auction held by Axa Investments Managers, the company’s majority shareholder and a division of French insurer Axa.
Negotiations are said to be ongoing, and while a deal is not yet guaranteed to happen, the sources believe an agreement could be reached by as early as next week.
According to its website, Data4 operates at least 25 data centres across France, Italy, Spain and Luxembourg.
