Blackstone Acquires AirTrunk in Historic $16B Deal

Blackstone's Strategic Acquisition of AirTrunk
Blackstone, a global investment firm, has announced a monumental acquisition of Australia's leading data centre group, AirTrunk, for an enterprise value of $16.10 billion. This significant move, involving the Canada Pension Plan Investment Board (CPP Investments), marks Blackstone's largest investment in the Asia Pacific region. The acquisition, subject to approval from Australia's Foreign Investment Review Board, signifies a strategic leap for Blackstone in the burgeoning digital infrastructure sector.