Aug 6 (Reuters) -

Macquarie will buy a data centre in South Korea for

734 billion won ($537 million) as the artificial intelligence

boom drives demand for cloud computing and data warehouses in

the country.

Macquarie Korea Infrastructure Fund, through its special

purpose firm Green Digital Infra, updated the market about the

deal, adding that the investment could go up to 918 billion won

($672.04 million) after accounting for the additional amount

needed for mechanical and other works.

The world's biggest tech companies, including Alphabet's

Google, Amazon ( AMZN ) and Meta, have built

data centres in South Korea to meet rising demand for cloud and

AI-related services.

The deal comes even as the conglomerate is reportedly

looking to divest its stake in Australian cloud computing firm

AirTrunk.

Bloomberg News earlier in the month reported that

private credit funds were in talks for debt worth A$1.5 billion

($974.25 million) to help the potential takeover of AirTrunk.

A consortium led by Macquarie acquired Australia's AirTrunk

four years ago in a deal worth A$3 billion ($1.95 billion).

($1 = 1,366.0000 won)

($1 = 1.5396 Australian dollars)

(Reporting by Sneha Kumar; Editing by Anil D'Silva)