Home Economy News Macquarie and Canada’s PSP start AirTrunk data centre sales process, source says

Macquarie and Canada’s PSP start AirTrunk data centre sales process, source says


Macquarie and Canada’s PSP start AirTrunk data centre sales process, source says By Reuters

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Published Mar 19, 2024 02:29AM ET
Updated Mar 19, 2024 02:40AM ET

By Scott Murdoch

SYDNEY (Reuters) – Australia’s Macquarie Group (OTC:MQBKY) and Canada’s Public Sector Pension Investment Board are starting a sales process for their AirTrunk data centre business, according to a source with direct knowledge of the matter.

The pair sent non-disclosure agreements on Tuesday to potential buyers to sign ahead of a formal transaction process, the source said.

Australian media reported AirTrunk could be valued at up to A$15 billion ($9.77 billion) and a majority stake could be sold as part of the process.

Macquarie and Public Sector Pension Investment Board, also known as PSP Investments, together own 88% of the data centre business but have not disclosed their individual stakes. Macquarie owns its stake in AirTrunk through its Macquarie Asset Management unit.

The source could not be named discussing confidential information.

Macquarie Group declined to comment. AirTrunk did not immediately respond to a request for comment. PSP Investments did not respond to a request for comment sent outside normal business hours.

($1 = 1.5349 Australian dollars)

(This story has been refiled to correct grammar in the headline)

Macquarie and Canada’s PSP start AirTrunk data centre sales process, source says

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