DigitalBridge Weighs Minority Stake Sale In Vantage Data Centers: Report

March 8, 2023 11:16 AM | 1 min read | Make a Comment

DigitalBridge Group, Inc DBRG is reportedly considering the sale of a minority stake in Vantage Data Centers, a global provider of hyperscale data center campuses.
The deal could raise over $1.5 billion for the infrastructure specialist, Bloomberg reports citing familiar sources.
DigitalBridge is working with UBS Group AG UBS to gauge buyer interest.
The report added that a stake in Vantage Data Centers would likely draw interest from financial investors and other infrastructure funds.
Vantage has 26 campuses spanning five continents, 12 countries and 18 markets, with IT capacity totaling nearly 1.5GW once all campuses are fully developed.
Price Action: DBRG shares traded higher by 2.98% at $12.45 on the last check Wednesday.
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