Equinix, CPP Investments Receive EU Clearance for atNorth Acquisition

MT Newswires Live18:51

Equinix (EQIX) and Canada Pension Plan Investment Board, or CPP Investments, received the European Commission's approval for their $4 billion acquisition of data enter colocation services provider atNorth, the Commission said Tuesday.

atNorth comprises Green DC LuxCo, SEKCO, SEKCO2AB and Green DC, according to the statement. The Commission said it does not expect the transaction to raise competition concerns.

The acquisition was announced in February, Equinix to own about a 40% stake in atNorth.

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