Talanx Group is financing sustainable mobility in Cologne
- Debt financing for sustainable transport solutions in Cologne
- Three-digit million-euro investment for expansion and climate friendly development of public transport
- Talanx Group as a partner for transition in local mobility
Image rights: Kölner Verkehrs-Betriebe
"With this financing, we are promoting the mobility transition in a growing city with an increasing demand for sustainable transport solutions. In doing so, we are contributing to the ecological transformation and the achievement of climate protection and digitalisation progress – a prime example of successful cooperation between the public sector and private investors", says Dr Jan Wicke, CFO of the Talanx Group.
The financing will support a range of sustainable and climate friendly projects carried out by the Kölner Verkehrs-Betriebe (KVB). This includes the construction of a new depot for light rail vehicles and the installation of charging infrastructure. Investments are also being made in an emission-free bus fleet as well as rail and charging infrastructure for light rail vehicles that will be powered entirely by green electricity enabling CO2-neutral operations. These investments will drive decarbonisation and the lowering of emissions across the city.
Talanx Group led the transaction through its Cologne headquartered subsidiary Ampega Asset Management GmbH. The financing is provided through several debt tranches with various disbursement dates, negotiated by Ampega on behalf of its investors throughout 2024 and 2025. Participants include life insurance companies of HDI and neue leben, among other institutional investors.
Ampega has executed numerous direct infrastructure investments totalling EUR 7.1 billion, with municipal infrastructure and public transport forming a key focus area for its infrastructure department.
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.