The listing of Magnora Data Center ASA on Euronext Growth Oslo represents the
first publicly available European opportunity for pure-play exposure to the
fast-growing data center market.
Magnora Data Center ASA, which up until now has been a fully owned subsidiary of
the international project developer Magnora ASA, recently completed a private
placement raising gross proceeds of NOK 650 million. On Monday 8 June, the
company goes public on Euronext Growth Oslo under the ticker MDATA. The listing
provides investors with the opportunity for exposure to the European data center
market.
"We are very pleased with the strong investor interest in Magnora Data Center
ASA. The private placement last week was multiple times oversubscribed and
raised the full NOK 650 million we targeted. The broad and international
interest from high-quality institutional investors reflects confidence in the
company, our capabilities and the growth opportunity the European data center
market represents", says Executive Chairman Erik Sneve.
The private placement attracted interest from large institutional investors
internationally, as well as leading Nordic asset managers including DNB Asset
Management, Nordea Asset Management AB, and FIRST Fondene.
With a project portfolio of gross 585 MW across Norway, Sweden, Finland and
Italy, Magnora Data Center supports the growing demand for data processing,
cloud services and artificial intelligence applications. The proceeds from the
private placement will allow Magnora Data Center to accelerate its project
origination, development and investments.
"There is an enormous demand for AI compute capacity globally and Europe is
setting firm goals to catch up. The listing of Magnora Data Center is an
opportunity for both institutional and retail investors to take part in the
growth of the European data center market supporting the AI revolution", Sneve
concludes.
CONTACT
Erik Sneve, Executive Chairman: es at magnoraasa.com
ABOUT THE COMPANY
Magnora Data Center ASA (OSE: MDATA) is a data center developer and operator,
present in Norway, Sweden, Finland, and Italy, headquartered in Oslo Norway. The
group operates capital-light in primarily early phases of project development,
but with flexibility for investing in also later stages. Magnora ASA currently
holds a 52.7% stake in the company.
ges. Magnora ASA currently\
holds a 52.7% stake in the company. \