Skip to content
The Canada Pension Plan Investment Board will own about 51 per cent of atNorth after committing US$1.3 billion, while Equinix will hold about 34 per cent following a US$895-million investment. (The Logic)
Talking point: Former owner Partners Group will retain about 10 per cent after reinvesting US$260 million. The transaction also includes a US$4.1-billion financing package backed by unnamed European and Canadian lenders. AtNorth operates eight data centres across the five Nordic countries, with additional projects underway in Sweden, Finland, Norway and Denmark. The deal deepens CPP Investments’ exposure to AI-related infrastructure. The pension fund has disclosed at least $11.3 billion in public commitments and allocations to major data-centre investments globally, excluding its 12 per cent stake in AirTrunk in 2024, for which it has not disclosed an acquisition price.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Macklem keeps benchmark interest rate at 2.25% as trade war heats up
Briefing
G20 finance ministers agree to fight unfair trade—except for China
OpenAI, Sam Altman face new lawsuits over Tumbler Ridge shooting
Manulife sees surge in demand for menopause-management treatments in working women
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
