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Marguerite – Acquisition of stake in fiber asset in Europe and Brazil

Marguerite II has signed an agreement to invest in EllaLink, a planned major submarine cable project connecting Europe to Brazil. The project aims to provide telecoms connectivity between Spain, Portugal and Brazil by linking data centres in Madrid and Lisbon to Fortaleza and São Paulo. The project’s holding company is EulaLink (the former name of the project), which owns a 65% stake in the project. The other shareholder is Telebras, a Brazilian telecoms company (35%). As part of the deal, Marguerite II will acquire a majority stake in the project from EulaLink. Financial details of the transaction have not been disclosed.