Reported about 19 hours ago
Brookfield Asset Management is seeking an investment bank to assist in selling a minority stake in Ascenty, a major player in Latin America's data center market, to fund its expansion in Brazil. With significant growth expected in the sector, driven by rising demand for cloud computing and AI, Brookfield is aiming to finalize the investor selection early this year and complete the sale by 2025. Ascenty currently owns 34 data centers in the region, and Brazil is becoming a key hub for data center investment, despite its small share of the global market.
Source: YAHOO