EQT And Sixth Street Announced That The EQTInfrastructure IV And EQT Infrastructure V Funds Have Signed An Agreement To Sell A Minority Stake In EdgeConneX To Funds Managed By Sixth Street
Portfolio Pulse from Benzinga Newsdesk
EQT Infrastructure IV and V funds have agreed to sell a minority stake in EdgeConneX to funds managed by Sixth Street.
September 24, 2024 | 11:09 am
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EQT's Infrastructure IV and V funds are selling a minority stake in EdgeConneX to Sixth Street, which could impact EQT's investment portfolio and future returns.
The sale of a minority stake in EdgeConneX by EQT's funds to Sixth Street is a strategic move that may affect EQT's investment portfolio. However, as it involves a minority stake, the immediate impact on EQT's stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80