Australia's 360 Capital Digital Infrastructure Fund gains on stake buy in MIRA-led consortium

Global Data Centre Investment Fund

04/09/2020 05:51

** Shares of data centre investor 360 Capital Digital
Infrastructure Fund  TDI.AX  climb as much as 4.3% to A$1.700,
in their biggest intraday pct gain since Aug. 13
    ** Co reaches an agreement to acquire a A$25 mln ($18.18
mln) stake in a Macquarie Infrastructure and Real Assets
(MIRA)-led consortium that recently acquired an 88% stake in
data centre operator AirTrunk  urn:newsml:reuters.com:*:nASXJN0gx
    ** "The new investment provides the fund with a great
opportunity to benefit from APAC Hyperscale data centre growth,"
- TDI Managing Director David Yuile
    ** More than 130,000 shares change hands, compared with the
30-day average of 52,600 shares 
    ** As of last close, stock down 4.7% this year 

($1 = 1.3753 Australian dollars)

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))