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XTX Markets rethinks €1bn data centre plans amid Finland tax break row

City Correspondent

Concept art of XTX's planned data centre complex in Finland. Photo: XTX Markets

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XTX Markets is reassessing plans to spend more than €1bn building a data centre complex in Finland as it seeks clarity on the country’s proposed changes to electricity tax.

The London-based algorithmic trading firm’s “longer-term investment roadmap remains under review due to the proposed changes in electricity taxation”, XTX’s chief operating officer Michael Irwin said in a statement on 11 August.

Finnish government wants to abolish electricity tax breaks for data centres

Lars Mucklejohn

Business

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