MADRID (Reuters) -Spain's ACS and BlackRock's Global Infrastructure Partners have created a joint venture to develop an initial 2 billion euro ($2.33 billion), 1.7 gigawatt portfolio of data centres, the Spanish company said on Friday. Both companies will have a 50% stake in the joint venture, ACS said. The transaction will provide ACS a 100 million capital gain, it added. The new development platform will include the existing portfolio of data centre assets ACS is developing across Europe, the U.S. and Australia after its recent focus on building infrastructure to meet soaring demand for AI and cloud computing. ACS said it is also reviewing a pipeline of potential projects exceeding 11 GW across North America, Europe, and Asia-Pacific that will be part of the joint venture. Under the term
ACS, BlackRock launch 2 billion euro data centre joint venture
The Sunday Guardian2 hrs ago
107


Raw Story
Salon
The Hill Politics
Page Six
Nola Sports
The Texas Tribune Crime