True Internet Data Center Co, a unit of conglomerate Charoen Pokphand Group, is seeking to raise about $150 million from a sale of a minority stake, according to people with knowledge of the matter.
The stake in the Bangkok-based company has attracted interest from other firms in the industry and financial investors, said the people, who asked not to be identified as the process is private. Non-binding offers are due as early as this week, said the people.
Deliberations are ongoing and the company may decide not to sell the holdings, they said. An external representative for True IDC declined to comment.
CP Group was exploring a divestment of True IDC that could fetch around $200 million, Bloomberg News reported in September. The company said at the time that it had no intention of selling the business.
True IDC is a carrier-neutral data centre and cloud service…
