Caisse de dépôt et placement du Québec (CDPQ) has increased its majority interest in Énergir through the acquisition of Enbridge's 38.9 percent interest in Noverco by Trencap.
Following the $1.14 billion transaction led by CDPQ, Trencap will own 100 percent of Noverco, which owns 100 percent of Énergir. CDPQ currently owns 64.74 percent of Trencap, alongside minority limited partners, including the Fonds de solidarité FTQ.
With more than $8 billion of assets and 530,000 customers across Quebec and the northeastern United States, Énergir is a diversified energy business, with half of its assets now involved in the production and distribution of electricity and renewable energies and in providing energy services.
The main distributor of natural gas in Quebec, Énergir also produces electricity in the province from wind power through joint venture companies. Through subsidiaries and other investments, Énergir is present in the United States, where it produc
