The Talanx Group is financing the new trams as part of a consortium through Ampega Asset Management GmbH, a subsidiary of Talanx AG based in Cologne. The financing takes the form of a long-term debt tranche to be amortised in full across the 30-year life of the vehicles. As the consortium's largest financial backer, the Talanx Group is contributing to state-of-the-art mobility solutions in Rostock and at the same time reinforcing its sustainable and responsible investment policy in line with ESG criteria.
The new passenger-friendly tramcars, which will be operated in the future by Rostocker Straßenbahn AG and built by the long-established Swiss company Stadler, are powered entirely by green energy and hence have zero carbon emissions. The funding of attractive local public transportation puts in place the necessary conditions for a shift towards sustainable transport policies. At the same time, broad access to alternative and attractive public transit solutions reduces the use of private cars with their high emissions and enables mobility for all sectors of the population.
In concrete terms, the insurers belonging to the Retail Germany division of the Talanx Group, PB Leben, neue leben Pensionskasse and HDI Pensionskasse are participating in the funding. Along with Ampega Asset Management, the consortium is led by NORD/LB and Deutsche Leasing Finance with the involvement of DAL Deutsche Anlagen-Leasing. The other consortium partners, which include Ostseesparkasse Rostock, have put up altogether around EUR 30 million as part of the financing.
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.