Foresight Enters Non-Binding Term Sheet To Acquire 50.01% Controlling Stake In A Polish Data Center Development Company; Price To Be Decided By Independent Evaluation; Company Expects To Contribute Estimated ~$1M And Additional Shareholder Loans Of Up To $2.5M To Advance The Two Projects
The Data Centers Company is expected to hold a 66.67% interest in each of two Polish project companies developing data centers in Warsaw and Wroclaw, two of the biggest and growing cities in Poland. The Warsaw project
Foresight agreed to buy a controlling piece of a Polish data center company. They will put in money and loans to help build two new data centers in major Polish cities.
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