Thursday, December 22, 2016

Fitch: Ownership Change Is Neutral to Global Switch Ratings

(The following statement was released by the rating agency)

LONDON, December 22 (Fitch) The acquisition of 49% of data

centre owner Global

Switch Holdings Limited by a consortium of Chinese companies and

institutional

investors will have no effect on the company's rating (BBB+,

Stable), Fitch

Ratings says.

The consortium's investment vehicle, Elegant Jubilee Limited,

will acquire the

stake from Aldersgate Investments Limited for a cash

consideration of GBP2.4bn.

Elegant Jubilee and Aldersg

Read more

No comments:

Post a Comment