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Why Is NEXION Selling Its Perth Data Centre to a Canadian Buyer?
7:01pm on Wednesday 14th of May, 2025 AEST
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Technology
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Why Is NEXION Selling Its Perth Data Centre to a Canadian Buyer?
7:01pm on Wednesday 14th of May, 2025 AEST
Key Points
Non-binding LOI signed for sale of NEXION’s data centre subsidiary
Sale price set at AUD 2.5 million with structured payment terms
Proceeds earmarked for debt repayment and working capital
No changes to NEXION’s board or senior management planned
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