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Blackstone- led consortium nears $13.5 billion bargain to obtain AirTrunk, resource states


By Kane Wu and Gnaneshwar Rajan

(Reuters) -A consortium led by Blackstone is nearing a bargain to obtain Australian information centre team AirTrunk for A$ 20 billion ($ 13.53 billion) consisting of financial obligation, an individual with expertise of the circumstance claimed on Monday.

Blackstone and its companion, the Canada Pension Plan Investment Board (CPPIB), became the recommended purchaser for AirTrunk, after outbidding a competing capitalist team, the individual claimed, decreasing to be called as the details was exclusive.

The bargain might be revealed in the coming days, the individual claimed.

Bloomberg initially reported the information on Monday, including that AirTrunk proprietors Macquarie Group and Canada’s Public Sector Pension Investment Board are working out last information of a purchase.

Blackstone and CPPIB decreased to comment, while AirTrunk, Macquarie and PSP did not right away react to Reuters’ ask for remark.

Reuters reported recently that 2 bidding process teams led by Blackstone and IFM Investors lodged last deals on Tuesday to get AirTrunk.

The IFM-led consortium includes DigitalBridge, GIP, Mubadala’s MGX and Silver Lake.

Macquarie and PSP very own 88% of the information centre service however have actually not revealed their private risks.

($ 1 = 1.4782 Australian bucks)

(Reporting by Kane Wu in Hong Kong and Gnaneshwar Rajan in Bengaluru; Editing by Mrigank Dhaniwala & & Shri Navaratnam)



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