Clifford Chance Advised Talanx on the Sale of a Stake in Transmission System Operator Amprion to AllianzGI
Clifford Chance Advised Talanx on the Sale of a Stake in Transmission System Operator Amprion to AllianzGI
Global law firm Clifford Chance has advised companies of the Talanx Insurance Group on the sale of an indirect stake in German electricity transmission system operator Amprion to Allianz insurance companies represented by Allianz Global Investors (AllianzGI) and Allianz European Infrastructure Fund II. Talanx is part of M31 Beteiligungsgesellschaft, which holds 74.9 percent stake in Amprion. As part of this partnership, Allianz and Talanx plan to invest significant capital in the expansion of Germany’s second-largest electricity grid over the coming years, in order to secure the energy supply for millions of people and drive forward the energy transition.
Amprion is a leading transmission system operator in Europe with an extra-high-voltage grid spanning over 11,000 km and supplies electricity to around 29 million people in Germany. Significant investment will be required over the next few years to construct or upgrade a total of 9,300 km of power lines.
The transaction is expected to be completed in the second quarter of 2026, subject to the usual closing conditions.
The Clifford Chance team advised the Talanx Insurance Group was led by Moritz Petersen (Partner) and further included of Frank Scholderer (Counsel), Annette Röhder (Partner) and Stefan Karle (Associate) and Debora Nöltner (Associate, Frankfurt), Gregor Evenkamp (Partner, Munich), as well as Dimitri Slobodenjuk (Partner) and Anne Filzmoser (Counsel, Düsseldorf).
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