Renewable energy firm Magnora has floated its data center division.
Magnora Data Center ASA is now listed on the Euronext Growth Oslo stock exchange.
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The company completed a private placement raising gross proceeds of NOK 650 million ($68.6m). Net proceeds from the placement will be used to fund existing and new data center projects and operations, as well as for working capital and general corporate purposes.
Euronext Oslo-listed Magnora ASA currently holds a 52.7 percent stake in the data center company.
