TINC Completes Strategic Move in Data Centre Industry

TINC, an infrastructure investor on Euronext Brussels, has finalized a strategic transaction involving its participation in Datacenter United (DCU) announced in October 2024. This deal includes selling a 50% stake in DCU to Cordiant Digital Infrastructure Limited and acquiring Proximus's data centre business.

Initially holding 75% of DCU's equity since 2020, TINC has facilitated the integration of Proximus Data Centres, adding four sites across Belgium. This acquisition, valued at €128 million, positions DCU as Belgium's largest colocation provider with 13 data centres.

The transaction enhances TINC's value, impacting its last reported NAV per share by €0.55. The net cash investment of approximately €45 million for TINC will be funded through its €200 million credit facility.