Enters the ultrafast EV charging sector with over €140M transaction into German rollout programme
- PATRIZIA Infrastructure has entered into a binding agreement to invest over EUR 70 million in an ultrafast EV charging rollout programme in Germany through its flagship European Infrastructure Fund series
- The investment will finance the deployment of 400 ultrafast Numbat EV charging stations at 200 Tegut supermarkets across Germany
- Through the deal, a long-term exclusivity agreement with Tegut to install ultrafast EV chargers at their existing and future supermarket locations will be executed
- Numbat will manage the rollout and operations of the Tegut EV charging portfolio
The investment delivers significant diversification for PATRIZIA’s infrastructure platform, marking its entry into the EV charging sector as well as the first investment in Germany for its European Infrastructure Fund series - Source TradeTheNews.com