Japan’s Sumitomo Mitsui Trust Bank to invest in NZ infrastructure investor

Pair to focus on data centers, energy and other assets to meet AI-driven demand Japan's Sumitomo Mitsui Trust Bank will acquire a 15% stake in New Zealand-based infrastructure investor Morrison. (Photo by Shintaro Ino) TOKYO — Japan's Sumitomo Mitsui Trust Bank will invest in New Zealand-based infrastructure investor Morrison and form a strategic partnership, the companies said on Tuesday, as investor demand increases for assets such as data centers and power facilities amid the global artificial intelligence boom.

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