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Chindata updates markets on proposed $3bn business sale

This is the first time the company has spoken on the potential stock sale since Bain Capital’s proposal was made public on June 6.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 21, 2023 | 10:49 PM BST

Chinese hyperscale data centre operator Chindata Group Holdings Limited (Nasdaq: CD) said the special committee of the company’s board of directors, formed to evaluate and consider the preliminary non-binding acquisition proposal by Bain Capital, has retained Citigroup Global Markets Asia Limited as its independent financial advisor and Gibson, Dunn & Crutcher as its U.S. legal counsel to assist it in this process.

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João Marques Lima

Founder and Editor, The Tech Capital

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