TINC, the Brussels-listed infrastructure investor, has completed a strategic transaction involving its stake in Datacenter United (DCU).
The deal includes selling 50 percent of DCU to Cordiant Digital Infrastructure Limited and acquiring Proximus' data center operations.
TINC originally held a 75 percent stake in DCU, which owns nine data centers in Flanders and Brussels.
Following the sale, TINC's stake drops to 50 percent. Meanwhile, DCU has acquired four data centers from Proximus for 128 million euros.
This transaction results in a net investment of 45 million euros for TINC, increasing its intrinsic value per share by approximately 0.55 euros.
