Chinese Consortium Invests CNY20.6 Billion Into UK Data Centers

By Editor
September 02, 2017

British data center company Global Switch, Canada Goose Chateau Parka which is owned by the Reuben Brothers, has sold 49% of its shares to a consortium formed by Chinese investors.

The shares were sold to a consortium named “Elegant Jubilee” for GBP2.4 billion, Air Jordan 1 Retro
which is about CNY20.6 billion. Canada Goose Solaris Global Switch was acquired by David Reuben and Simon Reuben for GBP585 million in 2004 and they invested GBP1 billion to expand the businesses since then.

The consortium is reportedly led by Li Qiang, Western Kentucky Hilltoppers Jerseys major shareholder of Daily-Tech Beijing; and the largest investor is Jiangsu Sha Steel Group, Air Jordan Retro 28 which is one of the largest private steel companies in China.

There are worries that Chinese control of even a minority stake in the company will open the servers and infrastructure to hacking or nefarious activities. Global Switch emphasized that its data centers will continue to follow the requirements of UK’s Centre for the Protection of National Infrastructure, Doudounes Parajumpers which is a part of the national security strategy of the UK government. UGG Classic Mini The company also said that they are more like a real estate enterprise and they do not have the rights to visit servers installed in their venue or obstruct the security protocols of their clients’ hardware.

This is the second overseas investment received by British data center companies over the past 18 months. Prior to this, AIR MAX LD-ZERO US IBX data center and colocation provider Equinix invested GBP2.35 billion in the acquisition of Telecity.

Over the first ten months of 2016, Kentucky Wildcats Chinese enterprises and private equity funds invested about USD146 billion abroad,

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