A consortium of private Chinese investors has acquired 49% stake in UK data center firm Global Switch for $3 billion.
Founded in 1998, Global Switch is an owner, operator and developer of large-scale data centers in Europe and Asia-Pacific, with its data centers currently around 300,000 square meter of floor space. (The lead investor of the investment consortium is Jiangsu Sha Steel Group. Other leading investors include AVIC Trust, a joint venture asset management company owned by AVIC Capital and OCBC of Singapore, and major Asian institutional investors such as Essence Financial and Ping An Group. They are headed by Geoffrey Xu and Li Qiang).
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