Altor to build the leading green transition bank by acquiring a majority stake in Kommunalkredit
Altor Funds (“Altor”) have signed an agreement to acquire an 80% majority stake in Kommunalkredit Austria AG (“Kommunalkredit”) and enter a partnership with the existing owners and the management of the bank. Altor will support Kommunalkredit with incremental capital and expertise to continue its growth trajectory towards becoming the leading sustainable infrastructure bank in Europe. The existing long-term oriented shareholders, Interritus, Trinity Investments DAC and the Austrian Association of Municipalities will remain minority shareholders.Vienna, 07/02/2023Founded in 1958,