EQT (NYSE:EQT) has launched the sale of its Nordic broadband and data centre operator GlobalConnect, in a deal that could value the business at about €8 billion, the Financial Times reported on Friday, citing people familiar with the matter.
The European private equity firm, which acquired a majority stake in GlobalConnect in 2017, has appointed Goldman Sachs to run the auction, according to the FT report.
Documents were sent to potential bidders earlier this week, with infrastructure investor Antin among the possible suitors, the report said.
GlobalConnect provides fibre connectivity to more than 900,000 homes across the Nordics and northern Germany, and counts some 30,000 business customers. It also owns 23 data centres and 27 subsea cables.
Source :
https://www.investing.com/news/stock-market-news/eqt-launches-sale-of-nordic-broadband-operator-globalconnect--ft-4246052
