Allianz Capital Partners – Acquisition of broadband PPP in Austria
Allianz Capital Partners has been selected as preferred bidder for a EUR 300m Austrian broadband PPP. The project includes the roll-out of a new fibre-to-the-home (FTTH) broadband network to around 100,000 homes between 2020 and 2022 in municipalities with less than 5,000 residents. Allianz will get a 74.9% stake in the project company responsible for the roll-out and will also secure debt to refinance loans linked to the first phase of the scheme. Financial details of the transaction have not been disclosed.