FilingReader Intelligence
Spark sells 75% data centre stake for $705m
August 11, 2025 at 08:39 PM UTC•By FilingReader AI
Spark New Zealand sold a 75% stake in its data centre business to Pacific Equity Partners for up to $705 million, reflecting a FY25 pro-forma EBITDA multiple of 30.8x.
Spark expects approximately $486 million in cash proceeds at completion, with an additional $98 million contingent on performance objectives by 2027. The transaction facilitates Spark's planned 130MW+ data centre development pipeline and reduces group net debt.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
NZX:SPK•New Zealand Exchange
News Alerts
Get instant email alerts when Spark New Zealand publishes news
Free account required • Unsubscribe anytime