WELLINGTON: New Zealand’s infrastructure investor Infratil says it is looking to raise NZ$1.15bil (US$703.8mil) to fund further investment into data centre operator CDC for increased demand for cloud adoption and generative artificial intelligence.
The fund raising will comprise of an underwritten placement of NZ$1bil and a non-underwritten retail offer of NZ$150mil.
The placement shares will be issued at NZ$10.15 apiece, representing a discount of 6.8% to the company’s close of NZ$10.89 last Friday, while shares to be issued under the retail offer will be issued at a price that is lower than the placement, Infratil said. — Reuters