Cordiant Digital Infrastructure Ltd Regulatory Clearance for Emitel Acquisition
June 16 2022 - 3:37AM
RNS Non-Regulatory
TIDMCORD
Cordiant Digital Infrastructure Ltd
16 June 2022
16 June 2022
Cordiant Digital Infrastructure Limited
Receives Further Regulatory Clearance for Emitel Acquisition
Cordiant Digital Infrastructure Limited (the "Company", "CORD"),
an investor in the core digital infrastructure that enables modern
communications and the internet, is pleased to announce that the
Polish Minister of State Assets has cleared its acquisition of
Emitel S.A. ("Emitel"), the Polish multi-asset digital
infrastructure business.
This decision represents a further important step in the
multi-stage government and regulatory process required to complete
the acquisition.
The acquisition of Emitel by the Company was announced on 5
January 2022. On 22 March 2022, the Company further announced it
had received anti-trust approval from the Polish Office of
Competition and Consumer Protection. The remaining regulatory
approval is required from the Polish Minister of the Interior. The
Company expects to complete the transaction during the third
quarter of 2022.
Based in Poland, Emitel's assets include a network over 500
communication towers, a fibre-optic network and a nationwide
'Internet of Things' sensor network, serving utilities. Data
consumption growth in Poland is one of the highest in Europe.
Emitel has a predominantly 'blue-chip' client base and offers
further expansion opportunities, in-line with the Company's buy,
build and grow strategy.
-ENDS-
For Further Information, please visit
www.cordiantdigitaltrust.com or contact:
Cordiant Capital Inc.
Investment Manager
Stephen Foss, Managing Director +44 (0) 20 7201 7546
Celicourt
PR Adviser
Philip Dennis / Felicity Winkles +44 (0)20 8434 2643
--------------------
Notes to Editors:
Cordiant Digital Infrastructure Limited primarily invests in the
core infrastructure of the digital economy - data centres,
fibreoptic networks and telecommunication and broadcast towers -
"the plumbing of the internet" - in the UK, Europe and North
America. Further details of the Company can be found on the
Company's website at www.cordiantdigitaltrust.com .
The Company listed on the London Stock Exchange under the ticker
CORD in February 2021. The Initial Public Offering was upscaled to
GBP370m. Since listing, in total the Company has successfully
raised c.GBP800m, deploying or committing most of the proceeds into
three acquisitions (June 2022).
The three acquisitions include CRA, a leading independent
digital infrastructure platform in the Czech Republic, Hudson
Interxchange, a strategic interconnect datacentre located in New
York, and Emitel, a multi-asset digital infrastructure platform,
based in Poland. These assets offer stable, often index linked
income, and the opportunity for growth, in-line with the Company's
buy, build and grow strategy.
Cordiant Capital Inc. ("Cordiant"), the Company's investment
manager, is a sector-focused investment manager with particular
expertise and experience in digital infrastructure. Cordiant
invests in global infrastructure and real assets, running
infrastructure private equity and infrastructure private credit
strategies through limited partnership funds and managed accounts.
Cordiant's current client base consists of global insurance
companies, pension plans and family offices.
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END
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