Digital 9 Infrastructure's (D9) sale of the Verne Global group of companies faces delays and potential conditions or refusal, as the Icelandic Regulatory Approval body opens a Phase II investigation into the transaction.
Today (8 February), the trust's board revealed the sale, first proposed in October 2023, faced a delay of up to 125 working days as a result of the Icelandic anti-trust investigation, likely preventing the anticipated approval date of Q1 2024. Digital 9 Infrastructure weighs divestment from crown jewel Verne Global A Phase II investigation typically involves market surveys, economic analysis and possible negotiations of commitments that may eliminate any concerns the authority may have regarding anti-competitive effects of the merger. This entails a 90-working day period to conduct...
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