TINC Engages in Strategic Partnership and Acquisition for Datacenter Expansion

TINC, the infrastructure investor listed on Euronext Brussels, has announced a strategic move involving its portfolio company, Datacenter United (DCU). This includes a partnership with Cordiant Digital Infrastructure Limited, which will acquire a 50% stake in DCU. Simultaneously, DCU has agreed to purchase Proximus' data centre business for €128 million.

Datacenter United, initially a local player, now operates nine Tier III/IV data centres in Belgium. With Cordiant's involvement, TINC retains half of DCU’s share capital. The acquisition of Proximus' data centres positions Datacenter United as Belgium's largest colocation provider, aiming to grow within the digital infrastructure sector.

The transaction could enhance TINC's net asset value by approximately €0.55 per share. The deal, pending regulatory approval, is expected to complete in Q1 2025.