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Market Chatter: SK Telecom Among Bidders for Bain's Bridge Data Centres Stake

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SK Telecom (KRX:017670), investment firm Sixth Street Partners, Singaporean state investor GIC, and Canada's La Caisse are among bidders for a "significant" stake in Bridge Data Centres, Bloomberg reported Wednesday.

Bain Capital is considering selling about 50% of the Singapore-based data center operator while retaining the remaining stake, in a deal valued at over $4 billion, according to the report.

Citigroup Inc. and JPMorgan Chase are working on the transaction, the report said.

Considerations are ongoing, and the stake size and valuation may change, the report added.

SK Telecom, Sixth Street Partners, GIC, La Caisse, Bain, and Bridge Data Centres did not immediately respond to' request for comment.

Shares of SK Telecom rose nearly 3% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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