Allianz Global Investors and Talanx Insurance Group have announced that AllianzGI signed an agreement on behalf of Allianz insurance companies and the Allianz European Infrastructure Fund II, to acquire an indirect stake in the German electricity grid operator Amprion from Talanx. Talanx is part of M31 Beteiligungsgesellschaft, which holds a 74.9 percent stake in Amprion. As part of this partnership, Allianz and Talanx plan to invest significant capital in the expansion of Germany’s second-largest electricity grid in the coming years, in order to secure the energy supply for millions of people and drive forward the energy transition.
Amprion is a leading transmission system operator in Europe with an extra-high-voltage grid spanning more than 11,000 kilometers and supplies electricity to around 29 million people in Germany. Significant investment will be required throughout the next few years to construct or upgrade a total of 9,300 kilometers (5,779 miles) of power lines
