Update on regulatory clearance for acquisition

RNS Number : 0247D

Cordiant Digital Infrastructure Ltd

17 October 2022

 

17 October 2022

Cordiant Digital Infrastructure Limited

Update on Final Regulatory Clearance for Emitel Acquisition

Cordiant Digital Infrastructure Limited (the "Company"), an investor in the core digital infrastructure that enables modern communications and the internet, today advises that the final regulatory clearance process, for the acquisition of Emitel S.A. ("Emitel"), the Polish multi-asset digital infrastructure platform, remains ongoing.  

The final regulatory clearance remains with the Polish Minister of the Interior ("MoI"), as part of a multi-stage approvals process. The Company has been notified by the MoI that the clearance process has been extended to 21 November 2022. The parties to the acquisition of Emitel continue to engage with the MoI as necessary in relation to the application.

Emitel's assets include a network of over 500 communication towers, a supporting fibre-optic network and a nationwide 'Internet of Things' sensor network, serving utilities and municipalities. Emitel has a predominantly 'blue-chip' client base of leading telecommunications and media companies in Poland.

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For Further Information, please visit www.cordiantdigitaltrust.com or contact:

Cordiant Capital Inc.   Investment Manager Stephen Foss, Managing Director	[phone]
Celicourt PR Adviser Philip Dennis / Felicity Winkles	[phone]

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 £370m. Since listing, in total the Company has successfully raised c.£800m in Equity, deploying or committing most of the proceeds into three acquisitions (June 2022). In June 2022, the Company signed a €200 million Eurobond facility with four European institutions, providing fresh committed capital to finance new acquisitions.

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 City, and, on closing, 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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