02:30 PM EDT, 08/09/2024 (MT Newswires) -- Brookfield Infrastructure Partners ( BIP/PA ) is seeking bids for some of Data4's assets that it considers a minority stake in the portfolio, Bloomberg reported Friday, citing sources.

The company has tapped Citigroup (C) to look for buyers interested in Data4's so-called stabilized assets valued at more than 3.5 billion euro ($3.82 billion), with initial bids expected in September.

Brookfield may opt against a deal, the report cautioned.

Brookfield Infrastructure and Data4 did not immediately respond to requests for comment from MT Newswires.

(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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