Allianz Capital Partner to acquire a 10% stake in ATC Europe for $643m.

Allianz Capital Partner, an asset manager for alternative equity investments, agreed to acquire a 10% stake in ATC Europe, a real estate investment trust, for $643m. “We are extremely pleased to add Allianz as a partner in ATC Europe. Allianz’ global infrastructure experience, extensive European investment history and investment philosophy are an excellent match for our value creation objectives in Europe, and we look forward to growing the business together while strengthening mobile broadband access in our served markets. With Allianz and CDPQ as committed, long-term partners in our newly expanded European business, we are more confident than ever that we are optimally positioned to generate sustainable growth and attractive returns for many years to come," Tom Bartlett, American Tower President and CEO.