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BlackRock invests in German data centre firm

Written by Tue 11 Jun 2024

Image credit: Reuters

Asset and investment management firm, BlackRock, is acquiring 50.1% in a German data centre development company, Mainova WebHouse.

Mainover WebHouse is owned by German utility company, Mainova Group. IPE Real Assets reported that BlackRock is making this acquisition on behalf of a fund managed by its diversified infrastructure business. 

The exact financial terms of the acquisition are not disclosed. Both partners intend to contribute the necessary funds.

CEO at Mainova AG, Michael Maxelon said the BlackRock partnership will allow the company to develop the data centre presence in the Rhine-Main metropolitan region sustainably.

“With our strong partnership, we are further pushing digitalisation and strengthening value creation in the region. With their specific focus on sustainability, Mainova WebHouse’s data centres support the city of Frankfurt and our users in implementing climate protection goals,” added Maxelon.

Global Head of Diversified Infrastructure at BlackRock, Mark Florian, said BlackRock is helping to make Frankfurt region one of the world’s leading data hubs.

“We are working together to ensure that users focused on the energy transition can benefit from sustainably designed data centres based on a sustainable energy supply,” said Florian.

Country Head at BlackRock in Germany, Austria, and Eastern Europe, Dirk Schmitz, said digitalisation is a key success factor for the German economy.

“A sustainable infrastructure for data storage and processing in the context of the energy transition requires considerable investments in this country,” said Schmitz.

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Written by Tue 11 Jun 2024

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