The deal is subject to approval from the Australian foreign investment review board.
Blackstone has entered into a definitive agreement to acquire data centre operator AirTrunk for A$24 billion ($21.05 billion). This marks Blackstone’s largest investment in the Asia-Pacific region, outweighing its A$8.9 billion takeover of Australian casino operator Crown Resorts in 2022.
The American alternative investment management company, together with the Canada Pension Plan Investment Board, will acquire AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board.
