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Top Thai Banks Weighs Stake Sale in Data Center Operator

  • Some Supernap Thailand holders are working with an adviser
  • Supernap Thailand could be valued at about $800 million

Thailand’s biggest banks are considering a stake sale in data center company Supernap Thailand, according to people familiar with the matter, riding on the increasing investor appetite for the industry.

Shareholders of Supernap Thailand, including Siam Commercial Bank Pcl and Kasikornbank Pcl, are working with a financial adviser to help find a minority investor in the business, the people said. Supernap Thailand, which was a joint venture between some of the country’s biggest firms and US data center giant Switch Inc., could be valued at about $800 million in a transaction, the people said.