Singtel and KKR complete SGD 6.6 billion STT GDC acquisition
TL;DR: Singtel and KKR completed the SGD 6.6 billion acquisition of ST Telemedia Global Data Centres (STT GDC), with KKR holding 75% and Singtel holding 25%.
Singtel and KKR completed the SGD 6.6 billion acquisition of ST Telemedia Global Data Centres (STT GDC) after receiving the required regulatory approvals.
The transaction was first announced in February. Following completion, KKR holds a 75% stake in STT GDC and Singtel holds the remaining 25% stake.
STT GDC is now wholly owned by Opal Bidco, which is indirectly held by KKR and Singtel in the same 75% and 25% proportions.
Relevant questions
What stake does KKR hold in STT GDC after the acquisition?
KKR holds a 75% stake in ST Telemedia Global Data Centres after the transaction closed.
What stake does Singtel retain in STT GDC?
Singtel retains a 25% stake in ST Telemedia Global Data Centres following completion of the acquisition.
Who owns STT GDC after the deal closed?
STT GDC is wholly owned by Opal Bidco, which is indirectly held by KKR and Singtel in 75% and 25% proportions.
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