Goodman Group, Digital Realty Jointly Acquire 9.9% Stake in NextDC

MT Newswires Live11-09

Goodman Group (ASX:GMG) and US-listed real estate investment trust Digital Realty acquired a 9.9% stake in NextDC (ASX:NXT) through a jointly owned special purpose vehicle at an average price of AU$9.22 per share, according to a Monday filing with the Australian bourse.

Goodman and Digital Realty said they do not have any agreement on potential further engagement beyond the acquisition of the stake, nor do they currently plan to submit a control proposal or make a takeover offer for NextDC, but reserve "their right to do so should circumstances change," per the filing.

The two companies plan to collaborate with NextDC's board on how they can help it address challenges, the filing said.

NextDC shares fell 1% in morning trade Monday.

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