The Talanx Group has invested EUR 125 million (US$ 151.63 million) in the refinancing of the concessionaire of Barcelona´s subway Line 9 Tranche 4. The initial financing of Linia Nou Tram Quatre S.A. (L9T4) comprised the construction and maintenance of 13 stations on the metro system in the Catalan capital. It was completed in 2014 and has since had a stable history of operations. Once Tranche 3 is complete, Line 9 will be the longest fully automated metro line in Europe. The concession is in place until 2040 and for this refinancing, L9T4 has taken out loans totaling over EUR 720 million (US$ 873.30 million).

Along with Talanx Group, a group of 15 banks and institutional investors participated in refinancing. In addition, the European Investment Bank, as a non-commercial investor, has novated its existing exposure to L9T4 as part of the transaction.