Clifford Chance and Morais Leitão on €120M data center acquisition

Clifford Chance has advised Asterion Industrial Partners on its entry into the Portuguese data centre market with the acquisition of the Covilhã data centre from Altice Portugal, a telecommunications perator, for €120 million. For matters relating to Portuguese law, Clifford Chance has had the support of Morais Leitão.

The Covilhã Campus is a data centre with 6.8 MW of installed capacity, and with architectural potential, available land and secured electricity supply to accommodate an expansion of up to 175 MW. As part of the transaction, Altice Portugal will continue as an anchor tenant of the data centre under a long-term Master Service Agreement. This is Asterion’s second relevant data centre transaction, following last year’s sale of Nabiax, in which Clifford Chance also acted as legal advisor to the fund.

The Clifford Chance team that advised Asterion was led by partner Javier Amantegui, with the
support of counsel Javier Olábarri and associate Sofía Albiñana. In addition, senior associate Ana
Latorre and associate Oscar Barracchini supported all aspects related to competition law.

The Morais Leitão’s team was led by partner Diana Ribeiro Duarte, with the support of managing associate Rute Carvalho da Silva and principal associate Catarina Almeida Andrade.

On the picture, Javier Amantegui and Diana Ribeiro Duarte.