Press Release Klimavest acquires indirect stake in transmission system operator Amprion
21.11.2024 • 3 Reading Time
Highlights
- First open-ended private investor fund to enable investment in power grid expansion in German
- Regulated asset class with stable returns
The balance sheet total of Amprion GmbH was around 17.6 billion euros at the end of 2024, with an operating profit before interest and taxes (EBIT) of around 1.2 billion euros.
With the stake Klimavest aims to invest long-term in the expansion and modernization of power grids in Germany, expanding its existing portfolio of wind and solar parks to include the grid infra-structure asset class.
About Commerz Real
Commerz Real is the asset manager for tangible asset investments of the Commerzbank Group and has 52 years of international experience in the market. More than 800 employees manage assets worth around 35,5 Billion Euro billion euros at the headquarters in Wiesbaden as well as at 17 other locations and branches in Germany and abroad.