Brookfield Shifts Stake in European Data Centers to Affiliates

A Brookfield Asset Management fund has agreed to buy a stake in a collection of European data centers from another Brookfield fund, the latest in a string of deals in which the money manager was on both ends of a transaction.

Brookfield Super-Core Infrastructure Partners, known as BSIP, and an affiliated firm bought a 40.1% equity interest in data centers in Spain, Italy and France from
Data4, according to people familiar with the matter. Data4, which is controlled by Brookfield Infrastructure Fund V, retains a 10% stake in the centers, known as StableCo, and will continue operating them. ...