Private Equity
LONDON/HONG KONG : Chinese-controlled international data centre provider Global Switch is still in talks with private equity firm EQT about a sale, three people with knowledge of the deal told Reuters. The UK-based company, controlled by Chinese steelmaker Jiangsu Shagang Group, kicked off a sale process in mid-2022 but discussions have yet to materialize. There was a gap between suitors and shareholders in their valuation of the company, people with knowledge of the process have told Reuters.

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