EQT Infrastructure Looks to Flip Stake in GlobalConnect Possibly to Mubadala

Posted on 09/26/2022

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Abu Dhabi-based Mubadala Investment Company is in talks about acquiring a stake in fiber network operator GlobalConnect. The transaction could value GlobalConnect at US$ 7 billion. EQT Partners AB, via EQT Infrastructure, is looking to sell a minority stake in GlobalConnect. GlobalConnect operates data centers in Sweden, Norway, Denmark, Finland, and Germany.

On December 20, 2016, EQT Infrastructure agreed to buy GlobalConnect A/S from the founding Zibrandtsen family (founder Niels Zibrandtsen). The family retained a 20% stake in the company.

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