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CP Group’s Data Centers Unit Seeks $150 Million in Stake Sale

  • Bids for minority stake in True IDC data centers due this week
  • CP Group is controlled by Thai billionaire Dhanin Chearavanont

True Internet Data Center Co., a unit of Thai conglomerate Charoen Pokphand Group, is seeking to raise about $150 million from a sale of a minority stake, according to people with knowledge of the matter.

The stake in the Bangkok-based company has attracted interest from other firms in the industry and financial investors, said the people, who asked not to be identified as the process is private. Non-binding offers are due as early as this week, said the people.