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ACS, BlackRock’s GIP Form 50/50 Venture for €2 Billion, 1.7 GW Data-Center Platform

The deal uses staged funding tied to commercialization milestones, leaving room to scale from a large project pipeline.

Overview

  • Each partner will own 50%, and ACS expects a €100 million capital gain from the transaction.
  • The structure includes about €1 billion of initial investment, up to €1 billion in milestone-linked payments, and up to €200 million in contingent payments tied to projects under review.
  • The platform consolidates ACS’s existing data-center assets in Europe, the United States and Australia.
  • ACS is assessing more than 11 GW of potential projects across North America, Europe and Asia-Pacific for possible inclusion in the venture.
  • The confirmed terms contrast with earlier market reports of a roughly €23–27 billion deal, which are not reflected in ACS’s official statement.