MIT completes acquisition of 14 US data centres for $292.8m

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No It will use a portion of the $410m proceeds from its private placement in June. Mapletree Industrial Trust (MIT) has completed the proposed acquisition of the remaining 60% interest in 14 data centres in the US, currently held by Mapletree Redwood Data Centre Trust, for $292.8m (US$215.3m), according to an SGX filing. To fund the acquisition, MIT plans to use $294.5m from the $410m it raised from a private placement in June. More than 146.41 million new units were issued during the private placement at a price of $2.8 per new unit. read more