Clal Insurance Enterprise, MEAG MUNICH ERGO Asset Management and APG Group completed the investment in Astoria Energy facilities.

A consortium of equity investors including APG, MEAG, Munich Re’s asset manager acting for investors from within Munich Re Group, Clal Insurance Company, and other US institutional investors, completed the investment in Astoria Energy power generating facilities. Financial terms were not disclosed. "We are proud to invest alongside reputable investors such as APG and MEAG in long-term, high-quality assets with a proven track record and excellent performance. The Astoria projects, which are the backbone of the New York City electric power system, will create long-term, sustainable returns for our pension, provident, and insurance members," Yossi Dory, Clal Chief Investment Officer.