Australia's Global Data at record high after $117 mln divestment

Global Data Centre Investment Fund

20/05/2024 05:01

** Shares of Global Data Centre Group  GDC.AX  rise as much
as 24.5% to A$2.900, hitting their highest level 
    ** The investment fund says it divested its co-controlled
investment in Etix, a European edge data centre platform, for
A$175 million ($117.23 million)
    ** Divestment to Infranity Equity Fund SCA SICAV-RAIF is
expected to close during the first quarter of FY25 - co
    ** Stock set for its best day, if trend sustains     
    ** Over 1.2 mln shares change hands, compared with the
30-day average volume of 129,968    
    ** GDC stock up 15.9% YTD, as of last close

    ($1 = 1.4928 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))