RCS - Cordiant Digital Inf - Regulatory Clearance for Emitel Acquisition

Cordiant Digital InfrastructureAnnouncement

16/06/2022 09:45

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RNS Number : 1298P  Cordiant Digital Infrastructure Ltd  16 June 2022

16 June 2022

 

Cordiant Digital Infrastructure Limited

Receives Further Regulatory Clearance for Emitel Acquisition

 

Cordiant Digital Infrastructure Limited (the "Company", "CORD"), an investor
in the core digital infrastructure that enables modern communications and the
internet, is pleased to announce that the Polish Minister of State Assets has
cleared its acquisition of Emitel S.A. ("Emitel"), the Polish multi-asset
digital infrastructure business.

This decision represents a further important step in the multi-stage
government and regulatory process required to complete the acquisition.

The acquisition of Emitel by the Company was announced on 5 January 2022. On
22 March 2022, the Company further announced it had received anti-trust
approval from the Polish Office of Competition and Consumer Protection. The
remaining regulatory approval is required from the Polish Minister of the
Interior. The Company expects to complete the transaction during the third
quarter of 2022.

Based in Poland, Emitel's assets include a network over 500 communication
towers, a fibre-optic network and a nationwide 'Internet of Things' sensor
network, serving utilities. Data consumption growth in Poland is one of the
highest in Europe. Emitel has a predominantly 'blue-chip' client base and
offers further expansion opportunities, in-line with the Company's buy, build
and grow strategy.

 

-ENDS-

 

For Further Information, please visit www.cordiantdigitaltrust.com
(http://www.cordiantdigitaltrust.com) or contact:

 Cordiant Capital Inc.                                                                                +44 (0) 20 7201 7546

 Investment Manager

 Stephen Foss, Managing
 Director

 Celicourt                                                                                            +44 (0)20 8434 2643

 PR Adviser

 Philip Dennis / Felicity Winkles

 

Notes to Editors:

Cordiant Digital Infrastructure Limited primarily invests in the core
infrastructure of the digital economy - data centres, fibreoptic networks and
telecommunication and broadcast towers - "the plumbing of the internet" - in
the UK, Europe and North America. Further details of the Company can be found
on the Company's website at www.cordiantdigitaltrust.com
(http://www.cordiantdigitaltrust.com) .

The Company listed on the London Stock Exchange under the ticker CORD in
February 2021. The Initial Public Offering was upscaled to £370m. Since
listing, in total the Company has successfully raised c.£800m, deploying or
committing most of the proceeds into three acquisitions (June 2022).

The three acquisitions include CRA, a leading independent digital
infrastructure platform in the Czech Republic, Hudson Interxchange, a
strategic interconnect datacentre located in New York, and Emitel, a
multi-asset digital infrastructure platform, based in Poland. These assets
offer stable, often index linked income, and the opportunity for growth,
in-line with the Company's buy, build and grow strategy.

Cordiant Capital Inc. ("Cordiant"), the Company's investment manager, is a
sector-focused investment manager with particular expertise and experience in
digital infrastructure. Cordiant invests in global infrastructure and real
assets, running infrastructure private equity and infrastructure private
credit strategies through limited partnership funds and managed accounts.
Cordiant's current client base consists of global insurance companies, pension
plans and family offices.

 

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