Bankrupt Cyxtera Looks to Sell Data Centers to Brookfield
- Company is exploring either sale of assets or recapitalization
- Confirmation hearing to approve plan scheduled for next month
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Bankrupt Cyxtera Technologies Inc. is in advanced talks to sell a large swath of its data centers to Brookfield Infrastructure Partners, according to people familiar with the situation.
As part of its Chapter 11 filing, Cyxtera has been looking at two possible tracks, either recapitalizing itself, with lenders taking control of the firm, or selling itself. Cxytera’s and Brookfield Infrastructure Partners’s negotiations are continuing and could still fall apart, according to the people, who asked not to be identified because the matter is private.