AllianzGI acquires indirect stake in German electricity grid operator Amprion from Talanx

Allianz Global Investors, on behalf of Allianz insurance companies and the Allianz European Infrastructure Fund II, has agreed to acquire an indirect stake in Amprion, Germany's second-largest electricity grid operator, from Talanx Insurance Group. This transaction involves Talanx's stake within M31 Beteiligungsgesellschaft, which holds 74.9 percent of Amprion. Allianz and Talanx plan to jointly invest material capital in expanding Amprion's extra-high-voltage grid, which spans over 11,000 kilometers and serves approximately 29 million people. The investment will focus on constructing or upgrading 9,300 kilometers of power lines over the coming years to enhance energy supply security and drive the energy transition in Germany.

Counterparts (3)

Seller

Talanx Insurance Group

company

Talanx is one of the largest insurance groups in Europe, headquartered in Hannover, Germany, and active in over 175 countries. The company operates as a multi-brand provider with a focus on B2B insurance and investments.

target_company

Amprion

company

Amprion is a transmission system operator in Germany. They operate a high-voltage grid spanning 11,000 kilometers, transporting electricity to over 29 million people.

Investor

Allianz European Infrastructure Fund II

company

Allianz European Infrastructure Fund II is an infrastructure fund managed by Allianz Capital Partners, focusing on core and core-plus infrastructure assets in Europe. The fund targets investments in regulated utilities, transport, and renewable energy sectors.