(Feb 12): GIC Pte is considering a sale of its 80% stake in a European data centre joint venture (JV), a potential deal that could value the business at about €2 billion (RM9.34 billion) including debt, people with knowledge of the matter said. The JV operates data centres under the xScale brand. Its JV partner Equinix Inc, which owns the remaining 20% stake, plans to stay invested, they said. Deliberations are at an early stage and GIC could decide to keep the asset for longer, the people said. Equinix and GIC announced in 2019 that they had set up the xScale venture to develop and operate hyperscale data centres in Europe for users such as AWS, Microsoft Azure and Google Cloud.

Source: The Edge Markets February 11, 2026 16:36 UTC