News in brief - 22 January 2021

- Finnish pension provider, Varma, has invested €196m in Nordea’s Emerging Stars Equity Fund.

The fund invests in emerging markets worldwide, and is guided by issues related to social responsibly and the environment, as well as actual financial ratios. The investment was made to support the promotion of Varma’s climate goals and the UN’s sustainable development goals that it has committed to, and brings Varma’s total listed equity investments in emerging markets to approximately €2bn.

- Danish pension fund, ATP, has been selected to support the government in its Covid-19 contact tracing.

ATP is expected to make 700 staff available for the establishment of a call centre, which is expected to support efforts to upgrade the contact detection in place when a citizen tests positive for Covid-19 amid the discovery of "new and contagious" variants in Denmark. The government will pay the salaries and costs associated with the work of the 700 staff, who will be employed in newly created, temporary positions, and are expected to be placed in Udbetaling Danmark under ATP.

- The Talanx Group has invested €125m into the Metro in Barcelona.

The group is the largest commercial lender out of the 15 institutional investors an banks involved in the refinancing, which will support the construction and maintenance of 13 stations on line nine of the metro system. The Talanx Group has now invested around €3.7bn in sustainable infrastructure projects, including wind and photovoltaic systems, fibre optic projects for high-speed internet, hospitals and other infrastructure properties. This compares to the groups longer term goal of investing around €5bn in this sector.

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