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China Merchants Capital offers $3.4bn for Chindata’s data centres outbidding Bain's privatisation bid

Bain shareholders, who own 87.4% of Chindata, said they do not intend to sell any of its shares in the Chinese data centre operator after the rival bid.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

July 13, 2023 | 1:47 PM BST

Chinese hyperscale operator Chindata Group Holdings Limited (Nasdaq: CD) has received a preliminary non-binding proposal letter from state-backed China Merchants Capital Holdings (International) Limited (CMC), to acquire all of the outstanding shares of the company for US$4.6 per ordinary share (or US$9.2 per ADS) in cash.

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João Marques Lima

Founder and Editor, The Tech Capital

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