Infratil to raise more than $1.1b
Transactions - JUNE 17, 2024

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Infratil to raise more than $1.1b

by Andrea Zander

Infratil has plans to launch a $1.15 billion equity raising to fund further investment into Canberra Data Centers.

Infratil, which owns a near 50 percent stake in CDC, is expected to invest A$600 million ($396 million) in CDC during the next two years. Infratil CEO Jason Boyes said CDC has been one of the company’s most successful investments, with its stake currently independently valued at NZ$4.42 billion ($2.70 billion), 10 times what was first invested in 2016.

“CDC continues to see a surge in demand for data center capacity. The proceeds of the equity raising will be used to fund its accelerated growth and provide additional balance sheet flexibility to allow Infratil to continue to invest across our portfolio,” said Boyes. “Demand continues to accelerate on the back of cloud adoption and significant investments in generative AI. This rapid increase in demand has seen

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