Canada Pension Plan Investment Board (CPP Investments) has agreed to sell its 49.87 percent equity ownership stake in Transportadora de Gas del Peru (TgP) to vehicles managed by EIG.
TgP operates Peru’s main natural gas and natural gas liquids pipelines under a long-term concession, supplying approximately 40 percent of the country’s power generation.
“TgP has been a successful investment for CPP Investments over the past decade, delivering strong returns for CPP contributors and beneficiaries,” said James Bryce, head of infrastructure for CPP Investments. “We look forward to seeing TgP’s continued success under EIG. We will continue to seek out and evaluate investment opportunities in Latin America, given the region’s attractive fundamentals.”
CPP Investments first invested in TgP in 2013 and subsequently increased its holding through follow-on transactions from 2014 to 2017, having deployed $1.4 billion in total.
“We look forward to br
