Altor Funds has confirmed the acquisition of an 80% stake in Kommunalkredit Austria AG. 

With this step, Private Equity investor Altor enters a partnership with the existing owners and the management of the bank. Altor will provide Kommunalkredit with additional cash to help it maintain its growth trajectory and advance toward being the premier platform for sustainable infrastructure in Europe. Interritus, Trinity Investment Management, and the Austrian Association of Municipalities, the current long-term-focused shareholders, will continue to hold minority stakes.

Through their investments and involvement in green infrastructure and energy projects across Europe, Kommunalkredit and Altor have developed substantial competence in green transition financing.