Swiss Life Asset Managers, acting on behalf of selected investment vehicles, has signed an agreement to sell its indirect stake in the German transmission system operator Amprion to RWE AG. The transaction marks the successful realisation of a long-standing infrastructure investment.
Swiss Life Asset Managers, acting on behalf of selected investment vehicles, has signed an agreement to sell its indirect stake in the German transmission system operator Amprion to RWE AG. Completion of the transaction remains subject to regulatory approvals.
The investment in Amprion is among the most significant holdings within Swiss Life Asset Managers’ infrastructure platform and also marked its first commitment in this asset class in 2011. The transaction now agreed fully realises the value appreciation achieved by the investment, in the interests of the investors.
“The stake in Amprion was a key investment for the establishment and development of our infrastructure platform. After some 15 years, the time has come to transfer the holding into new hands. This decision underscores our disciplined portfolio management and is in line with the ongoing development of our infrastructure equity investment strategy, with a clear focus on control and co-control positions,” says Christoph Manser, Head Infrastructure Equity International, Swiss Life Asset Managers.
“This transaction underscores our ability to create and realise value across the entire investment cycle. The capital released will be deployed selectively into new attractive opportunities in our target markets,” says Christoph Gisler, Head Infrastructure Equity, Swiss Life Asset Managers.
About Amprion
Amprion is a leading transmission system operator in Europe. Its extra-high-voltage network extends over
11 000 kilometres from the North Sea to the Alps, spanning seven German federal states. It transports electricity to 29 million people.
About Swiss Life Asset Managers Infrastructure Equity
Established in 2011, the Swiss Life Asset Managers Infrastructure Equity platform manages assets of more than EUR 13 billion on behalf of its clients and partners. The team consists of 70 investment specialists with an average of 20 years of industry experience at senior level. Through 15 solutions across the sectors of energy, communications, transport, regulated utilities, social infrastructure and renewable energy, the platform has invested in more than 80 infrastructure assets, either directly or indirectly.
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