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Softbank-Linked DigitalBridge to Buy Australian Smart-Meter Unit

Source: Bloomberg

M&A & RestructuringInfrastructure & DefenseRenewable Energy TransitionCompany FundamentalsPrivate Markets & Venture

DigitalBridge Group, which is being acquired by SoftBank, will purchase one of Australia’s largest smart-meter providers from Ausgrid. The deal is positioned around rising demand for grid infrastructure supporting Australia’s energy transition, suggesting constructive growth momentum for the infrastructure services provider.

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