Allianz Capital Partners (ACP) on behalf of Allianz insurance companies has signed an agreement with Niederösterreichische Breitband-Holding, which is an entity controlled by the Federal State of Lower Austria, for the sale of a 75% stake in Niederösterreichische Glasfaserinfrastrukturgesellschaft (nöGIG). 

The purchase of the stake in the nöGIG supports the rollout of a new fibre-to-the-home (“FTTH”) broadband network to around 100,000 homes between 2020 and 2022 with a focus on municipalities with less than 5,000 inhabitants. The construction phase is scheduled to begin in 2020. 

ACP is a major international financial investor in infrastructure equity with more than EUR 11 billion (USD 12.15 billion) assets under Management. In 2019, ACP also invested in the further development of France´s FTTH network.

The transaction is expected to reach financial close by the end of the year.