Allianz to acquire a minority stake in Yondr Group.

Allianz Capital Partners, the asset management arm of the Allianz Group, agreed to acquire a minority stake in Yondr Group, a global developer, owner, and operator of hyperscale data centres. Financial terms were not disclosed. “Bridging the growing infrastructure investment gap is part of our mission as a long-term investor. The energy transition and digital transformation are two central pillars of infrastructure investment needs to modernize our society and support growth and resilience. Through targeted investments like Yondr alongside excellent partners, we enable our clients to participate in and help to support structural growth trends shaping tomorrow’s economy,” Ludovic Subran, Allianz Group CIO.