on TINC (EBR:TINC)
TINC Advances Datacenter United Transactions
TINC, the infrastructure investor noted on Euronext Brussels, announced progress concerning strategic transactions with Datacenter United. The transactions involve a partial sale of Datacenter United shares to Cordiant Digital Infrastructure Limited, alongside Datacenter United's acquisition of the Proximus Group's data centre business. Regulatory approvals have been secured from Belgium's Interfederal Screening Authority and Ireland's Competition and Consumer Protection Commission.
Conditions related to the transfer of businesses and final transaction closure are pending. The deals are expected to conclude in the first quarter of 2025. TINC anticipates a positive influence of approximately €0.55 on the NAV per share. This outcome reflects an above-average return from the divestment. TINC's net cash investment, incorporating both divestment proceeds and new equity for the acquisition, stands at about €45 million.
R. H.
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