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Global asset management giant Blackstone hopes to capitalise on “unprecedented demand” for digital infrastructure with the $24bn-plus acquisition of Australian data centre operator AirTrunk , its largest ever investment across the Asia Pacific region.

Meanwhile, billionaire Robin Khuda and his staff will pocket almost $3bn from the deal , propelling the 45-year old AirTrunk CEO higher up the richlister rankings after he pulled off the biggest corporate deal in the country this year. 

And Queensland Premier Steven Miles says his government will work to avoid mass job losses at Star Entertainment, as the casino group confirmed late yesterday that it was locked in talks with advisers about its financial future, including potentially accessing safe harbour provisions.