Hengeler Mueller advises Equinix on Carve-out and sale of European Data-Centres to Digital Realty Trust for $874.4 million
The sale with was a condition of the clearance from the European Commission for the acquisition of Telecity Group plc by Equinix in January 2016. The sale is subject to certain customary closing conditions, including approval by the European Commission, as well as completion of a works council consultation process in the Netherlands. Upon satisfaction of those conditions, the transaction is expected to close in Q3 2016.