GIP in Talks to Team Up With Rival Bidder for AirTrunk, AFR Says

Global Infrastructure Partners is considering scrapping its bid for data center firm AirTrunk and instead joining forces with a consortium led by IFM Investors and New York-listed DigitalBridge, AFR reported Sunday.

GIP is close to an agreement to join the consortium, which would then vie with rival bidder Blackstone, AFR cited people close to lenders as saying.

Other investors may also join either the consortium or the Blackstone bid, including Canada Pension Plan Investment Board, with binding bids due Aug. 27.

Read more: Macquarie Said to Be Preparing for Sale of $8 Billion AirTrunk

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