OMERS division Borealis Infrastructure Management is part of an investment consortium that has agreed to buy Autobahn Tank & Rast Holding, an operator of highway service centres in Germany, for an undisclosed amount.

Allianz Capital Partners; Borealis; Infinity Investments, a wholly-owned subsidiary of the Abu Dhabi Investment Authority; and MEAG, Munich Re’s asset manager, are buying Tank & Rast from Terra Firma Capital Partners and a fund managed by Deutsche Asset and Wealth Management.

The Tank & Rast network comprises around 390 service areas, about 350 gas stations and some 50 hotels on Germany’s highway network.

“Germany’s stable concession framework and strong economy make it an ideal destination to invest,” says Michael Rolland, chief investment officer of OMERS Private Markets. “Tank & Rast provides a strong match for OMERS long-term obligations to its plan members, and represents the kind of rare, high-quality business that fits with OMERS strategy to increase its exposure to infrastructure.”

Also read:

Copyright © 2020 Transcontinental Media G.P. Originally published on

Join us on Twitter

Add a comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Benefits Canada admins. Thanks!

* These fields are required.
Field required
Field required
Field required