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- October 2011: Vol. 4, Number 9

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Canadian Pension Increases Stake in Belgian Gas Company

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The C$152 billion ($144 billion) Caisse de dépôt et placement du Québec has increased its stake in gas infrastructure company Fluxys G from 10 percent to 20 percent with an investment of €210 million ($279 million). The additional capital is intended to support Fluxys G’s investment program, which includes the acquisition of stakes in several European gas interests, including Eni, an Italian company active in the energy sector; Trans Europa Naturgas Pipeline, which transports gas from the German-Dutch border to the German-Swiss frontier; and Transitgas, which transports gas across Switzerland to connect with the network of Italy’s Snam Rete G

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