FILE PHOTO: A jogger runs along the seawall in Auckland September 26, 2011, with the city skyline in the background. REUTERS/Stefan Wermuth/File Photo
WELLINGTON: New Zealand’s infrastructure investor Infratil says it is looking to raise NZ$1.15bil (US$703.8mil) to fund further investment into data centre operator CDC for increased demand for cloud adoption and generative artificial intelligence.
The fund raising will comprise of an underwritten placement of NZ$1bil and a non-underwritten retail offer of NZ$150mil.
