Allianz and Telefónica have reached an agreement for the creation of a joint venture to deploy Fiber-to-the-Home (FTTH) in Germany. Following closing, Allianz Group and Telefónica Group will each hold 50 percent in the joint venture company under a co-control governance model. Allianz Capital Partners will invest 50 percent in the JV on behalf of Allianz insurance companies and the Allianz European Infrastructure Fund. 

Allianz Capital Partners on behalf of Allianz insurance companies and the Allianz European Infrastructure Fund has signed an agreement to purchase from Galp Energía S.A. a 75 percent stake in Galp Gás Natural Distribuição.  GGND is a regulated distribution network with a length of over 13,000 km that is serving c.1.1 million households.  Almost 95 percent of GGND's network consists of low-pressure polyethylene pipes, which can be utilized for distribution of hydrogen, synthetic natural gas or biomethane.

For the second consecutive time, Allianz has emerged as the top insurance brand in the world, according to Interbrand’s Best Global Brands Ranking. The positive news comes at an especially uncertain time for markets and industries across the globe, as they attempt to navigate the challenges of a worldwide pandemic.