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Bloomberg
Data centre operator GDS Holdings Ltd is considering selling a minority stake in its international business for about $300 million to $400 million to a strategic partner, according to people familiar with the matter.
The Shanghai-based digital infrastructure company is working with an adviser and is weighing selling about a 30% to 40% stake in the assets, the people said, asking not to be identified as the information is private.
Investment firms and sovereign wealth funds have expressed interest in the international portfolio, the people said.
GDS develops and operates data centres in China
including in Beijing, Hong Kong, Shanghai and Chengdu, according to its website. It is expanding into Southeast Asia, providing services at a third-party data centre in Singapore and building facilities in Malaysia and Indonesia.
Deliberations are ongoing, details could change and GDS could decide not to proceed with a stake sale, the people said. A representative for GDS didn’t immediately respond to requests for comment.
GDS’s American depositary shares have lost more than half their market value in the last 12 months, valuing the company at about $3.8 billion. It is also traded in Hong Kong and has considered a secondary listing in Singapore, Bloomberg News has reported.