Infrastructure investors certainly like businesses that they can finance and scale up very cheaply. Global Switch's latest funding round in July 2018 was reported to be $2.1 b. ArcelorMittal, formada a través de la fusión de Arcelor, con sede en Luxemburgo, y Mittal, con sede en India, en 2006, ha sido la compañía productora de acero más grande del mundo durante varios años. Shagang then became the largest shareholder. Global Switch’s prospective sale comes after an unsuccessful Hong Kong initial public offering in 2019. The firm is controlled by Chinese steelmaker Jiangsu Shagang Group Co has been exploring sale options that could value the company at $10.7 billion. ... part of the state-owned Jiangsu Shagang Group, which is one of the largest steel enterprises in China. 2019: Chinese steel maker Jiangsu Shagang Group Co Ltd in August 2019 bought a further 24% stake in Global Switch Holdings for 1.8 billion pounds ($2.21 billion), making it the largest shareholder with a 49% stake. 01.10.2020. Network. Career. DigitalBridge Group and Digital Realty Trust are also said to be among potential bidders for Global Switch, which is controlled by steelmaker Jiangsu … Their latest funding was raised on Jul 3, 2018 from a Secondary Market round. Global Switch, controlled by Chinese steelmaker Jiangsu Shagang Group Co. and backed by Avic Trust Co., is working with advisers to solicit interest from prospective suitors, said the people, who requested anonymity because the talks are private. Jiangsu Shagang said in November that it aimed to buy a Suzhou investment company, which owns 51% in Global Switch to diversify its operational risks and increase profits. The potential sale of Global Switch follows an aborted Hong Kong initial public offering in 2019. Chinese steel giant Jiangsu Shagang Group took control of data center company Global Switch over a three-year period beginning in 2016.. Global Switch, controlled by Chinese steelmaker Jiangsu Shagang Group Co and backed by Avic Trust Co, is working with advisers to solicit interest from prospective suitors, said the people, who requested anonymity because the talks are private. Shagang Group and AVIC Trust are the most recent investors. Global Switch is controlled by Chinese steelmaker Jiangsu Shagang Group Co. (SHE: 002075) and backed by Avic Trust Co. 04.07.2019 Read more. Jiangsu Shagang Group is one of the Superking-sized National Industrial Enterprises, the Largest Private Steel Enterprise in China, and its headquarters is located in Zhangjiagang City, Jiangsu Province. Equinix, Digital Realty, and DigitalBridge have also shown interest in acquiring the data center firm. Shagang Group had previously acquired indirect stakes in the Company through its participation in the Elegant Jubilee Limited and Strategic IDC Limited consortia of institutional and private investors, which invested in Global Switch in December 2016 and July 2018. MEDIA RELEASE. Global Switch is the leading owner, … Data Center sales on the rise. “We are delighted that Shagang has completed further investment in Global Switch. After being established in 1998, Global Switch now owns and operates 13 data centres located in Tier-one cities across Europe and Asia Pacific and spanning around 428,000 square metres. Read more. In gara per conquistare Global Switch ci sono anche le piattaforme di investimento infrastrutturali di Blackstone, DigitalBridge, Digital Realty Trust ed Equinix. In August of that year, Shagang bought another 24% stake in a 1.8 billion-pound deal from British billionaire brothers David and Simon Reuben, who had begun to whittle down their ownership in 2016. Jiangsu Shagang Group Co., Ltd engages in the production of steel products. Global Switch did not immediately respond to a request for comment. Chinese steelmaker Jiangsu Shagang Group became Global Switch’s largest shareholder in August 2019, shortly after the company’s abandoned Hong Kong IPO. I-1517 Ke Jiangsu Huaxi Group, I-1711 II-3244 Kansas City Chiefs, Il-3485 Ke Jiangsu Shagang, Jos. Jiangsu Shagang Co. Ltd. agreed to acquire 51% stake in Global Switch Holdings Limited for CNY 23.8 billion on June 15, 2017. The consortium bought a 49 percent stake in the company in order to expand Global Switch Holding's strategic infrastructure. In August of that year, Shagang bought another 24% stake in a 1.8 billion-pound deal from British billionaire brothers David and Simon Reuben, who had begun to whittle down their ownership in 2016. Create an alert to follow the career of Guo Wei. 28.07.2020. ... Tata Steel, Thyssenkrupp, Angang, HBIS … ResumeMatch - Sample Resume, Resume Template, Resume Example, Resume Builder,Resume linkedin,Resume Grade,File Convert. Consideration will be paid in cash and through issue of shares. Jiangsu Shagang will raise CNY 200 million through private placement of shares to fund the acquisition. He Chunsheng joined Jiangsu Shagang Group Co., Ltd （a Fortune 500 company and the largest private steel company in China） in 2001 and has served as Executive Director, Vice President and Chief Economist of the group’s board of directors since January 2007. Upon completion of the acquisition, Shagang will become the ultimate controlling shareholder of Global Switch. Its Iron and Steel Industry offers heavy plates, hot strip coils, cold-rolled strip coils, high speed wire rods, and ribbed steel bars. Read more. Read more>> Former Head of China Huarong AM Sentenced to Death A further quarter was sold to another Shagang-backed consortium during 2018, before the final stake was sold this week. Global Switch is the number one large-scale carrier neutral data centre provider in the top ten markets in Europe and Asia Pacific. Global Switch (“Global Switch” or “the Company”), the leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, announces today that following its statement released on 24 November 2020, Jiangsu Shagang Co., Ltd (“JS Co.”), has advised the Company that it has … Blackstone and KKR are among the parties considering bids for London-based Global Switch Holdings, Bloomberg reported.The data center company has been exploring a sale that could value it at £8 billion. Jiangsu Qingfeng owns a 49% stake in multinational data-center company Global Switch, while Beijing Daily Tech is a domestic provider of data services. Global Switch is a leading data centre operator in Europe and Asia. Guo Wei joined Global Switch in 2020. Now they are heading for the exit International data centre company Global Switch is soon to be placed on the market in a move that could see its valuable Australian assets sold to pension funds, private equity groups, infrastructure investors or real estate companies. Jiangsu Shagang said in November that it aimed to buy a Suzhou investment company, which owns 51% in Global Switch to diversify its operational risks and increase profits. China's Shagang Tumbles After CSRC Blocks USD29.7 Billion Global Switch Deal (Yicai Global) July 8 -- Shares of Chinese steel giant Shagang Group's unit slumped after China's main securities regulator rejected its CNY19 billion (USD29.7 billion) plan to rearrange its shareholding of London-headquartered data center operator Global Switch under the listed … Founded in 1998, Global Switch operates 12 data centers across Europe and Asia, including in Hong Kong and Singapore. owns and operates a portfolio of 13 large, high-specification, carrier and cloud-neutral, multi-tenanted data centres, valued at GBP5.7 billion (end-2018). データセンター・コロケーション業界の世界シェアと市場規模について分析をしています。エクイニクス、デジタル・リアルティ、ntt、kddi、サイラスワン、グローバルスイッチといったデーターセンター大手の動向も掲載しています。 With this, Global Switch becomes one of many industry operators that are banking on the sharp rise in demand for data centers due to the pandemic. MEDIA RELEASE. Founded in 1998, Global Switch ow ns and operates 4,200,000 sq ft of multi-customer, carrier and cloud-neutral data centre space across Europe and Asia-Pacific. LONDON, 24 November 2020, Global Switch (“Global Switch” or “the Company”), the leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, announces today that Jiangsu Shagang Group Co., Ltd (“Shagang”), has advised the Company of its intention to pursue a … China Baosteel …| Posted on 2021-12-17 by Fact.MR in Industrial // 0 Comments 2021-12-17 by Fact.MR in Industrial // … Jiangsu Shagang Group is one of the Superking-sized National Industrial Enterprises, the Largest Private Steel Enterprise in China, and its headquarters is located in Zhangjiagang City, Jiangsu Province. Between 2016 and 2019, the brothers sold GS to a Chinese-invested consortium headed by Shagang Group in three installments. En 2016, ArcelorMittal produjo 95.5 millones de toneladas métricas (mmt) de acero, el 6% de la producción mundial. Acquisitions: Global Switch has not made any acquisitions in recent times. Yu Jie joined Global Switch in 2019, with his nearly 10 years’ financial related experience. Before joining Global Switch, Yu Jie was Vice General Manager of Shagang Commerce Co., Ltd,(a subsidiary of Jiangsu Shagang Group Co., Ltd, one of the largest private steel companies in China and a Fortune 500 company) and was in charge of the Finance … Bloomberg reported on Tuesday that Shagang Group is exploring options including a sale in Global Switch. Ashurst advised Jiangsu Shagang Group Company Limited ("Shagang") in the up to £800 million syndicated term loan facility for the acquisition of 24.01% of Global Switch Holdings Limited ("Global Switch"), a leading data centre operator in Europe and Asia. In August of that year, Shagang bought another 24% stake in a 1.8 billion-pound deal from British billionaire brothers David and Simon Reuben, who had begun to whittle down their ownership in 2016. stake in Global Switch from Aldersgate Investments Limited in a transaction valued at £1.8 billion. Founded in 1998, London-based Global Switch operates 13 facilities across Europe, Australia, and Asia. London, 27 August 2019 – A 24.01% stake in Global Switch Holdings Limited (“Global Switch” or “the Company”), has been acquired by Jiangsu Shagang Group Co., Ltd (“Shagang Group”), the largest privately owned steel maker in China and a member of the Fortune Global 500 list of the world’s biggest companies. While it didn’t make one large blow-out deal, Chinese steel company Jiangsu Shagang Group’s acquisition of data center firm Global Switch over a period of three years up … CyrusOne is being acquired by investment firms KKR and Global Investment Partners. Its Non-Steel Industry invests in the following enterp. The steel ingots are primarily in rectangular in shape. Global Switch addresses £8bn sale speculation. Журнал ... (Global Low-Carbon Metallurgical Innovation Alliance) с целью совместной борьбы с выбросами углекислого газа и климатическими изменениями. Chinese group pays £2.4bn for 49pc stake in data centre developer Global Switch. See insights on Global Switch including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Then last August, Shagang, one of the group of investors (and also known as Jiangsu Shagang and ShaSteel), paid £1.8billion for a 24 per cent stake in Global Switch, valuing it at £7.5billion. Reuben Brothers sold 49 percent of Global Switch in 2016 to the Shagang-backed Elegant Jubilee consortium, and then sold a further two percent at the beginning of 2018, giving the consortium control of the operator. Upon completion of the acquisition, Shagang will become the ultimate controlling shareholder of Global Switch. The investment by Shagang Group, th rough an indirect wholly own ed investment vehicle, increases its equity stake in Global Switch to 49.83% on a look through basis, making it the larg est shareholder in the Guo was Chief Financial Officer for Jiangsu Shagang. 24.11.2020. Global Switch and Shagang Group declined to comment on the matter. Shagang then became the largest shareholder. The potential sale of Global Switch follows an aborted Hong Kong initial public offering in 2019. EQT Growth, part of the purpose-driven global investment organisation, was involved in an EQT Growth-led €235 million […] December 15, 2021 LOOKSfilm’s Production of The Documentary Series Dig Deeper – The Disappearance of Birgit Meier. 24% stake in Global Switch acquired by Shagang Group A 24.01% stake in Global Switch Holdings Limited ("Global Switch" or "the Company"), has been acquired by Jiangsu Shagang Group Co., Ltd ("Shagang Group"), the largest privately owned steel maker in China and a member of the Fortune Global … It involves the production and sales of "Shagang" brand name steel products. Formerly "Jiangsu Shagang Group Company Limited", it was established in 1975 with self-financing of only 450,000 Renminbi. At the end of 2007, it employs over 26,700 staff, covers an area of 10 km 2, and has total assets over RMB100 billion Yuan. Bloomberg reported on Tuesday that Shagang Group is exploring options including a sale in Global Switch. The Reuben Brothers (RB) fully acquired Global Switch in 2007 and began the company’s transformational journey. Then l ast August, Shagang, one of the group of investors (and also known as Jiangsu Shagang and ShaSteel), paid £1.8 billion for a 24 per cent stake in Global Switch, valuing it at £7.5 billion. stake in Global Switch from Aldersgate Investments Limited in a transaction valued at £1.8 billion. Founded in 1998, Global Switch operates 12 data centers across Europe and Asia, including in Hong Kong and Singapore. Ashurst advised Jiangsu Shagang Group Company Limited ("Shagang") in the up to £800 million syndicated term loan facility for the acquisition of 24.01% of Global Switch Holdings Limited ("Global Switch"), a leading data centre operator in Europe and Asia. PCCW Global and Global Switch expand on-demand global connectivity in Asia. LONDON, 24 November 2020, Global Switch (“Global Switch” or “the Company”), the leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, announces today that Jiangsu Shagang Group Co., Ltd (“Shagang”), has advised the Company of its intention to pursue a … LONDON – 12 August 2021 - Global Switch (“Global Switch” or “the Company”), the leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, notes the recent further announcement by Jiangsu Shagang Co., Ltd (“Jiangsu Shagang”) relating to its planned shareholder … Global Switch has 297 employees at their 1 location, $4.93 b in total funding, and £52.44 M in annual revenue in FY 2018. Global Switch is the leading owner, operator and developer of large-scale, carrier and cloud neutral, multi-customer data centres in Europe and Asia-Pacific. His appointment to the Board of Directors of Global Switch as a Non-Executive Director takes place with immediate effect. The firm is controlled by Chinese steelmaker Jiangsu Shagang Group Co has been exploring sale options that could value the company at $10.7 billion. However, in November, Global Switch revealed Shagang Group has plans to transfer its Global Switch stake to its Shenzhen-listed unit, Jiangsu Shagang Co. 24% Stake in Global Switch acquired by Shagang Group. Crucially, that deal took Shagang’s stake alone to 49.9 per cent making it the ultimate controlling party, according to Companies House. Global Switch Holdings Limited is incorporated in the British Virgin Islands and is 51.7%-owned (look-through basis) by Jiangsu Shagang Group, a steel production company in China. Global Switch defines itself as the leading owner, operator and developer of large scale network dense, carrier and cloud neutral multi-tenanted data centers in Europe and the Asia-Pacific region. Global Switch is funded by 4 investors. 13.05.2019 事件：Global Switch发布2019 年财报。2019年GS 实现营收4.4 亿英镑（+9.9%），EBITDA 为2.5 亿英镑（-9.0%）。 GS 营收加速增长，持续加码核心资源拓宽成长空间 19 年GS 实现营收4.4 亿英镑（+9.9%），业务加速增长；EBITDA为2.5 亿英镑（-9.0%），系德利迅达应收账款减值影 … Ping An Ventures, AVIC Trust, China CITIC Bank, Jiangsu Shagang Group. S&P Global Corporate Sustainability Assessment (CSA) Invited Universe 2021 List as of 14.09.2021 Companies' eligibility for DJSI determines the invitation group below; those listed in Invitation group 'S&P ESG Indices' are not (also) eligible for DJSI. Its business activities include iron and steel, and non-steel industries. Bloomberg reported on Tuesday that Shagang Group is exploring options including a sale in Global Switch. Global Switch has a strong market position in the internet data centre segment. Bank Clothiers Inc., II Kansas City Southern, II-2499 Ke Jiangsu Sopo, Kansas City Southern de Mexico, Ke Jiangsu Xinxin, I-922 Joseph Enterprises, II-2456 II-2499 Ke Jiayuan, II-2666 Joseph's Fine Foods Inc., Global Switch, controlled by Chinese steelmaker Jiangsu Shagang Group Co. and backed by Avic Trust Co., has been exploring a sale that could value it at 8 billion pounds ($10.7 billion) or more, Bloomberg News reported earlier this year. Then last August, Shagang, one of the group of investors (and also known as Jiangsu Shagang and ShaSteel), paid £1.8billion for a 24 per cent stake in Global Switch, valuing it at £7.5billion. The deal will extend Shagang’s key businesses from steel to data, which it hopes will improve its profitability, the company said in a filing to the Shenzhen Stock Exchange on Thursday. Switch to English. Global Switch is controlled by Chinese steelmaker Jiangsu Shagang Group Co. (SHE: 002075) and backed by Avic Trust Co.. Global Switch did not immediately respond to a request for comment. 2019: Chinese steel maker Jiangsu Shagang Group Co Ltd in August 2019 bought a further 24% stake in Global Switch Holdings for 1.8 billion pounds ($2.21 billion), making it the largest shareholder with a 49% stake. Shagang is China’s largest privately owned steelmaker and one of the Fortune Global 500 of the world’s largest companies. Global Switch issues €700 million 10-year inaugural green bond at record low 1.375% coupon. Helps you prepare job interviews and practice interview skills and techniques. Catalog; For You; The Australian. Global Switch has received investments worth £4.9 billion via three rounds of funding. Read more. In 2015 Shagang Group sold most of the stake in Shagang Company. Some of the key investors include Shagang Group and AVIC Trust. In 2016, the Group headed a consortium that acquired London-based international data center Global Switch Holdings for £2.4 billion (HK$23.03 billion). Through their strategic direction and investment, Global Switch has become the leading owner, operator and developer of large scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific. Global Switch stake up for sale 2021-03-05 - . Competitors: Weather overview for Shagang (Guangdong, China): detailed weather forecasts, 14 days trend, current observations, satellite images, model charts and much more. Trevor Fox Vice President, Senior Global Shipping Counsel (UK/US qualified maritime lawyer) New Orleans, Louisiana, United States 500+ connections Shagang Group currently possesses total assets of RMB150 billion and more than 30,000 employees. In August of that year, Jiangsu Shagang purchased a further 24 percent interest in a £1.8 billion transaction from British billionaire brothers David and Simon Reuben, who had started to sell their shares in 2016. Global Switch is a leading owner, operator and developer of large scale network dense, carrier and cloud neutral multi-customer data centres in Europe and Asia-Pacific. Steelmaker Shagang plans to buy an investment consortium that controls 51 percent of data center operator Global Switch for 18 billion yuan. Global Switch owns and operates 13 data centres in Europe and Asia Pacific spanning about 428,000 sqm/4.6 million sq ft. Jiangsu Shagang Group Co., Ltd, Global Switch’s controlling shareholder has commented on reports regarding the appointment of investment banks to conduct a strategic review and invite potential offers for the company. Global Steel Ingot Market Size 2021 COVID-19 Impact Analysis by Business Opportunities, Applications, Geography, Growth Drivers, and Future Outlook till 2027: Ken Research Ingots are the knob of very pure material precisely metals or the alloy that are cast into suitable shape by processing. The potential sale of Global Switch follows an aborted Hong Kong initial public offering in 2019. The investment by Shagang Group, th rough an indirect wholly own ed investment vehicle, increases its equity stake in Global Switch to 49.83% on a look through basis, making it the larg est shareholder in the Shagang then became the largest shareholder. Global Switch (“Global Switch” or “the Company”), the leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, announces today that following its statement released on 24 November 2020, Jiangsu Shagang Co., Ltd (“JS Co.”), has advised the Company that it has … Global Switch has explored a potential sale for the better part of a year, according to Bloomberg. Our data centres provide rich ecosystems and offer reliability, security and flexibility that our customers require to house their IT infrastructure. In total, Global Switch has raised $4.9 b. The consortium bought a 49 percent stake in the company in order to expand Global Switch Holding's strategic infrastructure. With the deal, Shagang became the largest shareholder. Uninterrupted Power. Shagang has confirmed to the Company that there will be no changes to the strategic direction, management or financial and operational policies of Global Switch, reflecting its continued confidence in the business model, strategy and management team and in line with the commitments enshrined in the Company’s Shareholders’ Agreement. The company has been mulling a sale that could reach a price tag of £8 billion (US$10.7 billion) or more. Global Switch: Response to Announcement by Jiangsu Shagang. IN BRIEF: RAUE LLP, advised on the matter. Cover Letter for Jobs In 2016, Chinese steel company Jiangsu Shagang Group took over Global Switch for three years starting in 2016. Global Switch Income Statement. Shagang is … Shagang then became the largest shareholder. In November, Global Switch said Shagang Group planned to transfer its Global Switch stake to its Shenzhen-listed unit, Jiangsu Shagang Co. The move won’t impact Global Switch’s strategic direction, management or financial and operational policies, it said at the time. London, 27 August 2019. 24% stake in Global Switch acquired by Shagang Group A 24.01% stake in Global Switch Holdings Limited ("Global Switch" or "the Company"), has been acquired by Jiangsu Shagang Group Co., Ltd ("Shagang Group"), the largest privately owned steel maker in China and a member of the Fortune Global … The move won’t impact Global Switch's strategic direction, the management or financial and operational policies, it said in a statement at the time. Due to ongoing overcapacity within the steel sector, Jiangsu Shagang Group purchased two internet data firms for $3.8 billion, as part of an attempt to expand into new industries for diversification. As Global Switch is being run operationally and financially as a standalone entity with minimal involvements and connection with Shagang, and Shagang primarily only exhibits ties via its majority shareholder role, we consider the linkage between Shagang and Global Switch, from a credit perspective, to be weak and assess Shagang’s profile on a Global Switch Holdings was founded in 1998, and it operates 13 data centers across Asia, Australia, and Europe. Global Switch Holdings Limited (hereinafter referred to as "Global Switch"), founded in 1998, is a subsidiary of Shagang Group, headquartered in London. ($1 = 6.4532 Chinese yuan renminbi) (Reporting by Min Zhang and Tom Daly, editing by Louise Heavens and Jane Merriman) Shagang then became the largest shareholder. A sale of Global Switch would follow an abandoned effort in 2019 to list on the Hong Kong stock exchange, shortly after Jiangsu Shagang Group bought a 24% stake in … A. After the completion of the restructuring, Shagang Group will actively participate in data center businesses in domestic and foreign markets. Job interview questions and sample answers list, tips, guide and advice. owns 13 data centres, valued at around GBP6 billion, across eight Tier 1 locations in Europe and Asia Pacific (including London, Amsterdam, Paris, Chinese steel giant Jiangsu Shagang Group has bought 24 percent of data center operator Global Switch, and become the biggest stakeholder in the company, a leading independent carrier-neutral colocation provider. Steel Tubes Market To Partake Significant Development During 2021 – 2031. In August of that year, Shagang bought another 24% stake in a 1.8 billion-pound deal from British billionaire brothers David and Simon Reuben, who had begun to whittle down their ownership in 2016. data centre owner and operator Global Switch Holdings Ltd. (Global Switch) in 2019, Shagang currently owns c. 51.7% of Global Switch on a see-through basis and consolidates it into its financials. 27.08.2019 Read more. London-based data centre giant Global Switch is now 49.9 per cent owned by Shagang – a private Chinese steel company controlled by businessman Shen Wenrong. After being established in 1998, Global Switch now owns and operates 13 data centres located in Tier-one cities across Europe and Asia Pacific and spanning around 428,000 square metres. 5: Jiangsu Shagang Group acquires Global Switch for ~$8 billion. As Chief Financial Officer of Shagang (a Fortune 500 company and the largest private steel company in China) Wei Guo is responsible for Shagang's group accounting, financial management and tax planning. Global Switch Holdings Limited is incorporated in the British Virgin Islands and is 51.7%-owned (look-through basis) by Jiangsu Shagang Group, a steel production company in China. (Bloomberg) -- Just a few years ago, Chinese firms spent lavishly overseas on everything from luxury hotels to soccer clubs. The company has been mulling a sale that could reach a price tag of £8 billion (US$10.7 billion) or more. Crucially, that deal took Shagang’s stake alone to 49.9 per cent making it the ultimate controlling party, according to Companies House. Global Switch - Change to Board of Directors. Global Switch's latest valuation is reported to be $5.5 b. Global Switch has raised a total of £4.9B in funding over 3 rounds. 5: Jiangsu Shagang Group acquires Global Switch for ~$8 billion. The potential sale of Global Switch follows an aborted Hong Kong initial public offering in 2019. Shagang Group had previously acquired indirect stakes in the Company through its participation in the Elegant Jubilee Limited and Strategic IDC Limited consortia of institutional and private investors, which invested in Global Switch in December 2016 and July 2018. Global Switch is a leading data center owner, operator and developer in Europe and Asia Pacific, with one of the highest credit ratings in the global data center industry in the world. “We are delighted that Shagang has completed further investment in Global Switch. The potential sale of Global Switch follows an aborted Hong Kong initial public offering in 2019. While it didn’t make one large blow-out deal, Chinese steel company Jiangsu Shagang Group’s acquisition of data center firm Global Switch over a period of three years up … The potential sale of Global Switch follows an aborted Hong Kong initial public offering in 2019. Shagang Group currently possesses total assets of RMB150 billion and more than 30,000 employees. Jiangsu Shagang said in November that it aimed to buy a Suzhou investment company, which owns 51% in Global Switch to diversify its operational risks and increase profits. KKR, infatti, è infatti uno dei soggetti in corsa per il gruppo oggi controllato dal produttore di acciaio cinese Jiangsu Shagang Group e partecipato dal fondo cinese Avic Trust. Global Switch (“Global Switch” or “the Company”), the leading owner, operator and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, announces today that following its statement released on 24 November 2020, Jiangsu Shagang Co., Ltd (“JS Co.”), has advised the Company that it has … However, it may be open to good opportunities that may be available in the future. London, 27 August 2019. In 2004, the Reuben brothers had purchased Global Switch Holdings Ltd. (GS) — the largest data center operator in Europe and Asia Pacific — for almost 600 million pounds. Guo Wei is currently Non-Executive Director at Global Switch - View - Global Switch org chart. Console Connect now live in all Global Switch data centres worldwide. 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