ACS, BlackRock to seal $27 billion data centre deal, report says

A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid

MADRID (Reuters) -Spain's ACS is close to striking a 23 billion euro ($26.8 billion) partnership with BlackRock's Global Infrastructure Partners to develop data centres, newspaper Expansion reported on Thursday, citing unnamed market sources.

Under this agreement, the U.S. asset manager GIP is set to take a 50% stake in the ACS Digital & Energy unit, Expansion said, consisting of 5 billion euros in equity capital - to be contributed progressively - and 18 billion euros in debt.