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City of London

London’s Global Switch to Kick Off $10 Billion Data Center Sale

  • Sale process for data center company to start in coming days
  • Investment funds, other industry players weigh potential bids

The owners of Global Switch Holdings Ltd. are poised to kick off a long-awaited sale amid interest from other firms in the industry and investment funds, according to people familiar with the matter.

A formal sale process for the $10 billion data center company, controlled by Chinese steelmaker Jiangsu Shagang Group Co. and backed by Avic Trust Co., could start as soon as in the coming days, the people said. Global Switch and its financial advisers are ready to send out marketing materials to prospective buyers after months of preparations and informal talks, they said, asking not to be identified because the matter is private.