Ferdja Ferdja.com delivers the latest news and relevant information across various domains including politics, economics, technology, culture, and more. Stay informed with our detailed articles and in-depth analyses.
By Kane Wu and Yantoultra Ngui
HONG KONG/SINGAPORE (Reuters) – International information centre driver Equinix is thinking about a sale of a minority risk in its Hong Kong centers, valuing the possessions at around $2 billion, 2 resources stated, in a relocate to capitalise on the boom popular from expert system.
Equinix has actually worked with Citigroup to run the sale, the resources stated, that have straight understanding of the issue yet decreased to be called as the info is personal.
The California-headquartered firm can market 25% in its Hong Kong information centres, among individuals stated.
Without discussing the feasible minority risk sale, an Equinix agent stated that the firm was totally devoted to its Hong Kong organization.
” Equinix Hong Kong works as an essential affiliation center for our international client base. We will certainly remain to purchase future development to guarantee our clients can release in Hong Kong with self-confidence,” the agent stated.
Citigroup decreased to comment.
Equinix’s strategy comes as international personal equity financiers, possession supervisors and innovation firms await billions of bucks well worth of offers and financial investments connected to information centres in Asia, as the expert system boom gas need for electronic framework.
Equinix runs 5 information centres in Hong Kong, offering numerous organizations from a large range fields, consisting of greater than 200 cloud and IT solutions and over 105 network solutions, its internet site revealed.
Established In 1998 in Silicon Valley, Equinix has actually broadened around the world and currently possesses around 260 information centres around the world, consisting of 9 markets in Asia Pacific, its internet site and 2023 yearly record revealed. Its leading companions consist of AWS, Google Cloud and Oracle.
The Nasdaq-listed firm has a market price of $75.7 billion, according to LSEG information, and its shares are down 0.9% thus far this year.
In 2023, its earnings climbed to $968.98 million from $704.57 million a year earlier, according to the yearly record, while profits climbed to $8.18 billion in from $7.26.
( Coverage by Kane Wu in Hong Kong and Yantoultra Ngui in Singapore; Editing And Enhancing by Sumeet Chatterjee and Louise Heavens)
