Regulatory Clearance for Emitel Acquisition
16 June 2022
Cordiant Digital Infrastructure Limited
Receives Further Regulatory Clearance for Emitel Acquisition
Cordiant Digital Infrastructure Limited (the "Company", "CORD"), an investor in the core digital infrastructure that enables modern communications and the internet, is pleased to announce that the Polish Minister of State Assets has cleared its acquisition of Emitel S.A. ("Emitel"), the Polish multi-asset digital infrastructure business.
This decision represents a further important step in the multi-stage government and regulatory process required to complete the acquisition.
The acquisition of Emitel by the Company was announced on 5 January 2022. On 22 March 2022, the Company further announced it had received anti-trust approval from the Polish Office of Competition and Consumer Protection. The remaining regulatory approval is required from the Polish Minister of the Interior. The Company expects to complete the transaction during the third quarter of 2022.
Based in Poland, Emitel's assets include a network over 500 communication towers, a fibre-optic network and a nationwide 'Internet of Things' sensor network, serving utilities. Data consumption growth in Poland is one of the highest in Europe. Emitel has a predominantly 'blue-chip' client base and offers further expansion opportunities, in-line with the Company's buy, build and grow strategy.
-ENDS-
For Further Information, please visit www.cordiantdigitaltrust.com or contact:
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Cordiant Capital Inc. Investment Manager Stephen Foss, Managing Director |
+44 (0) 20 7201 7546 |
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Celicourt PR Adviser Philip Dennis / Felicity Winkles |
+44 (0)20 8434 2643
|
Notes to Editors:
Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy - data centres, fibreoptic networks and telecommunication and broadcast towers - "the plumbing of the internet" - in the UK, Europe and North America. Further details of the Company can be found on the Company's website at www.cordiantdigitaltrust.com .
The Company listed on the London Stock Exchange under the ticker CORD in February 2021. The Initial Public Offering was upscaled to £370m. Since listing, in total the Company has successfully raised c.£800m, deploying or committing most of the proceeds into three acquisitions (June 2022).
The three acquisitions include CRA, a leading independent digital infrastructure platform in the Czech Republic, Hudson Interxchange, a strategic interconnect datacentre located in New York, and Emitel, a multi-asset digital infrastructure platform, based in Poland. These assets offer stable, often index linked income, and the opportunity for growth, in-line with the Company's buy, build and grow strategy.
Cordiant Capital Inc. ("Cordiant"), the Company's investment manager, is a sector-focused investment manager with particular expertise and experience in digital infrastructure. Cordiant invests in global infrastructure and real assets, running infrastructure private equity and infrastructure private credit strategies through limited partnership funds and managed accounts. Cordiant's current client base consists of global insurance companies, pension plans and family offices.
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