Ontario Teachers’ takes control of Australian data centre provider
Ontario Teachers' Pension Plan has closed its acquisition of an additional 29 percent stake in Metronode, an Australian data centre provider, from CIMIC Group Ltd. No financial terms were disclosed. Ontario Teachers' acquired a 70 percent interest in Metronode as part of its June 2013 investment in its parent company, Nextgen Group Pty Ltd. In August, CIMIC agreed to sell its interest in Nextgen to the Canadian pension fund. CIMIC said it expects to receive net proceeds of about US$190 million to US$210 million from the exit.
5 December 2016•2 mins read
