Allianz takes stake in Amprion network in deal with Talanx
26/03/2026 09:05
FRANKFURT, March 26 (Reuters) - Allianz SE's ALVG.DE asset management unit will acquire a stake in electricity grid operator Amprion in a deal with insurer Talanx TLXGn.DE to help fund a major grid upgrade as Germany transitions to renewable electricity. In a joint statement, Allianz Global Investors and Talanx said they plan to invest "significant capital in the expansion of Germany’s second-largest electricity grid". Talanx signalled last week it plans to reduce its stake in Amprion. Sources told Reuters last month that major owners of the grid operator were considering selling their stakes to new investors. (Reporting by Ludwig Burger Editing by Madeline Chambers) ((ludwig.burger@thomsonreuters.com;))