Digital 9 Infrastructure's Verne Global sale delayed by regulatory investigation

Up to 125-day potential delay

Eve Maddock-Jones
clock • 2 min read

Digital 9 Infrastructure's (D9) sale of the Verne Global group of companies faces delays and potential conditions or refusal, as the Icelandic Regulatory Approval body opens a Phase II investigation into the transaction.

Today (8 February), the trust's board revealed the sale, first proposed in October 2023, faced a delay of up to 125 working days as a result of the Icelandic anti-trust investigation, likely preventing the anticipated approval date of Q1 2024. Digital 9 Infrastructure weighs divestment from crown jewel Verne Global A Phase II investigation typically involves market surveys, economic analysis and possible negotiations of commitments that may eliminate any concerns the authority may have regarding anti-competitive effects of the merger. This entails a 90-working day period to conduct...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts