10 August 2017  |  Sydney

DIF acquires a 25% stake in a major Jet Fuel Pipeline at Melbourne’s Tullamarine International Airport

DIF Core Infrastructure Fund I (“DIF CIF I”) is pleased to announce that it has acquired a 25% interest in the Somerton Pipeline.

The Somerton Pipeline is a 34km jet fuel pipeline which supplies fuel to Melbourne’s Tullamarine International Airport. It is a vital part of the jet fuel supply chain at Australia’s second busiest airport and supplies the majority of the total fuel demand at the airport.

Marko Kremer, DIF’s Head of Australasia added: “DIF is delighted to add the Somerton Pipeline to its existing investment portfolio. We are excited to be a shareholder of a critical piece of the supply chain infrastructure supporting the Tullamarine Airport.”

DIF Profile

DIF is an independent and specialist fund management company, managing funds of approximately €4.2 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies.

The majority of DIF’s funds target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australasia.

DIF CIF I targets small to mid-sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid-term with highly rated entities. The fund targets both greenfield and operational projects in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Willem Jansonius, Partner
E-mail: w.jansonius@dif.eu

Allard Ruijs, Partner
E-mail: a.ruijs@dif.eu

1 August 2017  |  

Allianz, EDF Invest and DIF acquire 6.94% in Autostrade per I’Italia

A consortium made up of Allianz, EDF Invest and DIF have completed the acquisition of a 6.94% stake in Autostrade per I’Italia, the largest Italian toll road network which is majority owned by Atlantia, the listed global operator of motorway and airport infrastructure. This is an increase from the binding agreement to acquire a 5% shareholding announced in April 2017 by use of a call option to acquire additional shares.

The consortium is comprised of long-term infrastructure investors Allianz Capital Partners on behalf of the Allianz Group (60%), EDF Invest (20%) and DIF (20%).

Autostrade per I’Italia is the largest toll motorway concession asset in Europe representing more than 50 percent of Italy’s toll motorway network, stretching some 3,000 km stretches across 16 Italian regions comprising 21 toll motorways which cover essential transport links mainly in the Northern part of Italy around the major economic urban areas as well as the two principal north-south routes, the A1 Milan-Naples and the A14 Bologna-Taranto.

Commenting on the closing of this deal, Christian Fingerle, Chief Investment Officer, at Allianz Capital Partners said, “This investment matches our strategy to deliver long-term benefits to our customers at Allianz. In addition to this, Autostrade per I’Italia has delivered outstanding economic benefits in Italy. We now look forward to working with Atlantia and our consortium partners to facilitate the continued delivery of high-quality service for motorists and commuters.”

Guillaume d’Engremont, Managing Director of EDF Invest said: “EDF Invest is very pleased to complement its portfolio through this investment in ASPI, alongside Tier 1 international investors, and under the continued management of our partner Atlantia.”

Wim Blaasse, Managing Partner of DIF said: “DIF is pleased to invest in this high quality and well diversified road network alongside our consortium partners and to establish this long-term relationship with Atlantia.”

For further information please contact:

DIF
Allard Ruijs
E
mail: a.ruijs@dif.eu

Allianz Capital Partners
Stefanie Rupp-Menedetter
Tel: +49 89 3800 2743

EDF Invest
Mail: service-de-presse@edf.fr
Tel: +33 1 40 42 46 37

About DIF

DIF is an independent and specialist fund management company, managing funds of approximately €4.2 billion across seven closed-end investment funds and several co-investment vehicles. DIF’s main funds target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australasia. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney. See also: www.dif.eu

About Allianz Capital Partners

Allianz Capital Partners is the Allianz Group’s in-house investment manager for alternative equity investments. With offices in Munich, London, New York and Singapore Allianz Capital Partners manages approximately EUR 18 billion of alternative assets. The investment focus is on infrastructure, renewables as well as private equity funds. ACP’s investment strategy is targeted to generate attractive, long-term and stable returns while diversifying the overall investment portfolio for the Allianz Group insurance companies. Allianz represents one of the world’s strongest financial communities, offering a broad range of insurance and asset management services. In 2016, Allianz employed around 140,000 staff in some 70 countries and achieved total revenues of 122.4 billion euros and an operating profit of 10.8 billion euros. Allianz Group managed an investment portfolio of around 653 billion euros. Additionally our asset managers Allianz GI and PIMCO managed 1.3 trillion euros of third party money. Allianz is active in a wide variety of sectors including real estate, infrastructure, renewable energy and equity and debt. Allianz’s long-term value strategies maximize risk-adjusted returns. See also: www.allianzcapitalpartners.com

About EDF Invest

EDF Invest is the unlisted investment arm of EDF’s Dedicated Assets, the asset portfolio which covers its long-term nuclear decommissioning commitments in France. EDF Invest manages a portfolio of over €4bn equity investments through three asset classes: infrastructure, real estate and private equity. The existing infrastructure portfolio includes stakes in RTE (the French electricity transmission company), Géosel (an oil storage company based in Manosque), Thyssengas (the third largest gas TSO in Germany), Aéroports de la Côte d’Azur (the second largest French airport operator, in joint control with Atlantia), TIGF (a gas transport and storage company operating in the South-West of France), Madrileña Red de Gas (the operator of the main gas distribution network in the region of Madrid) and Porterbrook (one of the three main rolling stock owning companies in the UK). See also: www.edfinvest.com