New Zealand's Infratil to raise $704m for data centre investments

New Zealand's Infratil to raise $704m for data centre investments

Sigtryggur Ari/REUTERS

New Zealand’s infrastructure investor Infratil on Monday said it was looking to raise NZ$1.15 billion ($703.8 million) to fund further investment into data centre operator CDC amid increased demand for cloud adoption and generative AI.