Singapore sovereign wealth fund GIC and Abu Dhabi’s Mubadala Investment Co are reportedly in discussions to join KKR & Co and Singapore Telecommunications Ltd (Singtel) in a potential acquisition of data centre operator STT GDC Pte, according to a report by Bloomberg.
The report cites sources familiar with the matter as saying that the sovereign funds would participate as minority co-investors in the deal, which could value STT GDC at over $10bn including debt.
KKR and Singtel have previousl...
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