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.

7 MAY 2015

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.”

 

- Ends -

For more information contact:

Steve Ainger
Aviva Investors Media Relations
+44 (0)20 7809 8452

Grant Bather
Aviva Investors Media Relations
+44 (0)20 7809 6252

Laura Cocker
Aviva Investors Media Relations
+44 (0)20 7809 8791

Notes to Editors

The information and opinions contained in this document are for use by the financial press and media only, and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice.

The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media.

The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested.

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
St. Helen’s, 1 Undershaft, London EC3P 3DQ
Phone +44 (0)20 7809 6000
Fax +44 (0)20 7489 7940
Web www.avivainvestors.com
Email info@avivainvestors.com

Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. Registered Office: St. Helen’s, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority and a member of the Investment Management Association.


Telephone calls may be recorded for training and monitoring purposes Contact us at Aviva Investors Global Services Limited, St. Helen’s, 1 Undershaft, London EC3P 3DQ. A15/0243.