Americold closes $1.3 billion North American cold storage joint venture with EQT - COLD News | RalliesAmericold closes $1.3 billion North American cold storage joint venture with EQT
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COLD• Americold closes North American cold storage joint venture with EQT
- Americold closed a North American cold storage joint venture with EQT’s Active Core Infrastructure fund.
- EQT bought a 70% stake in the partnership; Americold kept 30% and will manage the platform.
- The venture holds 12 U.S. temperature-controlled warehouses valued at more than $1.3 billion.
- The transaction delivered about $1.1 billion in net cash proceeds for debt repayment, lowering leverage and boosting financial flexibility.
- The parties plan to use the venture as a long-term platform for additional North American cold storage investment and development.
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