Australia's Aware Super buys stake in European fibre platform to tap AI boom


FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the artificial intelligence boom.

It invested in euNetworks via a vehicle led by global infrastructure and real assets manager Stonepeak, and others including Investment Management Corporation of Ontario and APG Asset Management.

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