Chinese steel maker picks additional 24% stake in Global Switch

Data centre provider Global Switch Holdings said on Tuesday Jiangsu Shagang Group Co Ltd bought a further 24% stake in the company for 1.8 billion euros ($2.01 billion), making it the largest shareholder with a 49% stake.

Corrects currency to "pounds" from "euros" in paragraph 1

Aug 27 (Reuters) - Data centre provider Global Switch Holdings REUBEG.UL said on Tuesday Jiangsu Shagang Group Co Ltd JSSGG.UL bought a further 24% stake in the company for 1.8 billion pounds ($2.21 billion), making it the largest shareholder with a 49% stake.

Global Switch, which is moving towards an IPO, said the Chinese steel maker confirmed there will be no changes to the company's strategic direction, management or financial and operational policies of Global Switch.

($1 = 0.8145 pounds)

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)

((tanishaa.nadkar@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +91 80 6749 1691; Reuters Messaging: tanishaa.nadkar.thomsonreuters.com@reuters.net))

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