It’s an interesting investment from Talanx;
Talanx Group is financing sustainable mobility in Cologne. With a total investment of EUR 100 million, the city’s public transport network will be expanded and made more climate friendly. This commitment supports Cologne’s transport transition and underscores the importance of ESG criteria within the investment strategy of Talanx Group.
“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.
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