ACS & BlackRock's GIP: $23B Data Center Partnership

Breaking News: ACS and BlackRocks GIP on the Verge of a €23 Billion Data Center PartnershipSpanish construction giant ACS is reportedly nearing a €23 billion deal with BlackRocks Global Infrastructure Partners (GIP) to build and expand data centers. The proposed agreement would see GIP acquire a 50% stake in ACSs Digital and Energy unit for €5 billion in equity capital and €18 billion in debt. This move comes amidst a surge in demand for AI computing and limited power capacity, driving the value of digital infrastructure to new heights. GIP, which manages over $180 billion in assets, has been actively investing in this sector, recently acquiring a stake in Aligned, a U.S. data center firm. ACS is set to provide an update on its data center strategy this Friday.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.