Talanx Group has signed on to become a co-investor in German utility company EWE, alongside Ardian Infrastructure.
Infrastructure investor Ardian recently acquired 26 percent of the shares in EWE. Talanx is expected to contribute a triple-digit million euro amount to the purchase price, which according to Reuters is around €1.4 billion ($1.51 billion).
“The cooperation with Ardian, EWE and Düsseldorf-based R3 Asset Management Partners shows that financial investors are not always simply competitors — sometimes they can be partners, too,” said Peter Brodehser, head of infrastructure investments at Talanx. “This investment offers an excellent starting point for additional joint investments in energy and telecommunications infrastructure.”
EWE, one of Germany’s largest municipal enterprises, is active in the energy, telecommunications and information technology sectors. Its energy-supply operations provide 1.4 million customers with electricity and 0
