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Magnora Data Center to Buy Out Partner in Data Center JV in Finland

MT Newswires·08/13/2026 01:11:09
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01:11 AM EDT, 08/13/2026 (MT Newswires) -- Magnora Data Center (MDATA.OL) said Wednesday it agreed to buy the remaining 30% stake that it does not already own in the Hämeenlinna data center project in Finland from energy infrastructure development company Northern Europe Energy Group. The data center project developer agreed to issue 1,326,666 shares at 15 Norwegian kroner apiece and pay cash and earn-out considerations to settle the transaction. The total consideration was not disclosed. Completion of the transaction is expected in September, subject to customary conditions.