Digital Realty, Goodman Group Acquire 9.9% Stake in NextDC
The investment was made through a jointly owned special purpose vehicle, totaling approximately US$476 million. The partners said they have no current agreement to engage further and do not plan a takeover offer now, while reserving that right for the future.
Digital Realty and Goodman Group, through a jointly owned special purpose vehicle, have acquired a 9.9% interest in ASX-listed data-center operator NextDC. The investment was made at a price of 9.22 Australian dollars per share, totaling approximately US$476 million. The companies stated they have no current agreement to engage further and do not plan to make a takeover offer at this time, though they have reserved the right to do so in the future. The partners expressed interest in potentially collaborating with NextDC's board and management to address challenges facing the company.
NextDC recently faced operational delays at a Melbourne facility, which led to a reduction in its earnings guidance.