GDS - GDS Holdings evaluating selling $400M stake in its international business - report
- GDS Holdings ( NASDAQ: GDS ) is evaluating selling a minority stake in its international business. GDS ADRs rose 1.5%.
- The Shanghai-based data center operator is reviewing selling a $300 million to $400 million stake in its international business, according to a Bloomberg report earlier Thursday, which cited people familiar. Private equity firms and sovereign wealth funds have shown interest in the international unit.
- The report comes after Bloomberg reported in April that GDS ( GDS ) was said to be evaluating an offer to combine with Chindata ( CD ).
- Last month GDS ( GDS ) launched a private offering of $580M of 4.50% convertible senior notes due 2030.
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GDS Holdings evaluating selling $400M stake in its international business - report