Aviva Investors takes line to San Siro

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) has today announced that it has signed an investment for €40m in a financing package for the Milan underground.

Aviva Investors has provided debt to the project alongside banks and other institutional investors. Aviva Investors is the largest institutional investor in the financing.
This represents the first issue of an Italian Project Bond – a product created by the Italian Government to allow international investments in Italian infrastructure.

The underground line, the fifth for Milan, will connect Bignami station, North of Milan, through the city centre to the San Siro stadium. Completion on construction is scheduled for October 2015.

Lorenzo Paolasini, Assistant Fund Manager – Infrastructure and Renewable Energy at Aviva Investors, said:

“This project showcases our commitment to infrastructure and fits well within our objectives to bring long term secure investment opportunities to the institutional market.

“This investment also brings further diversification to our European Infrastructure Debt Fund, which has invested in a variety of different sectors across Europe, including solar PV, transport, and utilities.”

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Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 29 April 2015.
Aviva Investors.

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 15 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £246 billion as at 31 December 2014.

Aviva plc

  • Aviva provides life insurance, general insurance, health insurance and asset management to 34* million customers, across 16 markets worldwide
  • In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE100 index.
  • Aviva’s asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages over £245 billion in assets.
  • Aviva helps people save for the future and manage the risks of everyday life; we paid out £24.6 billion in benefits and claims in 2014.
  • By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.

* Before the deduction of overlapping customers.

* Figures based on Aviva plc Annual Report and Accounts 2014.

Aviva Investors Global Services Limited
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