Allianz Global Investors has acquired a stake in German electricity grid operator, Amprion, from Talanx.
Talanx is part of M31 Beteiligungsgesellschaft, which holds a 74.9% stake in Amprion.
Amprion is a transmission system operator with a voltage grid spanning over 11,000 kilometres and supplies electricity to around 29 million people in Germany. Significant investment will be required over the next few years to construct or upgrade a total of 9,300 kilometres of power lines.
As part of the partnership between Allianz and Talanx, the pair plan to invest significant capital in the expansion of the grid over the coming years, in order to secure the energy supply for millions of people and drive forward the energy transition.
CEO at Allianz Investment Management, Mario Skoric, commented: “Long-term infrastructure investments are a key component of our investment strategy. Particularly in the context of the energy transition, electricity grids are becoming increasingly important as the backbone of a decarbonised energy system.
“We are therefore delighted to make our first direct equity investment in a German electricity grid. Through targeted equity investments, we not only strengthen the resilience of the energy supply but also enable our customers to benefit from attractive, long-term growth trends.”
Chief financial officer at Talanx, Jan Wicke, added: “To achieve the country’s climate neutrality by 2045, the proportion of renewable energy fed into the grid must be significantly increased. A modern and efficient grid is essential for this.
“We are convinced that, together with our partner, we can make an important contribution to the energy security of our country and our customers, and we look forward to working with the Allianz Group.”
Allianz is expecting the transaction to complete in Q2 2026, subject to closing conditions.
