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Greg Smith: Devon Funds Head of Retail on Spark selling 75 percent of its data centre business to Australia’s Pacific Equity Partners
Published 8 months, 1 week ago
Description
Spark New Zealand is selling 75 percent of its data centre business for about half a billion dollars.
Australian-owned Pacific Equity Partners is taking the controlling share of the $705-million-dollar business.
Spark will move its data centre assets and operations into a new stand-alone company.
Devon Funds Head of Retail Greg Smith explains what this could mean for the business.
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