Allianz Capital Partners to acquire 75% stake in GGND for $438m.

Allianz Capital Partners, an investor for alternative assets, agreed to acquire 75% stake in Galp Gás Natural Distribuição, an integrated energy company, for $438m. “We are pleased to be investing in GGND, which is our first direct infrastructure investment in Portugal. We look forward to supporting jointly with GGND and our partners this critical infrastructure which contributes to the decarbonization plan of the Portuguese economy and can become an important enabler for the energy transition towards renewable gases while delivering long-term, risk adjusted returns for our insurance customers and investors," Christian Fingerle, ACP Chief Investment Officer.