Canadian pension, Enagas buy TGP stakes

Canadian pension, Enagas buy TGP stakes

Two firms announced sales of 10% stakes in Peruvian gas pipeline operator Transportadora de Gas del Peru on Friday. Peruvian construction firm Grana y Montero agreed to sell a 10.4% stake in TGP to the Canadian Pension Plan Investment Board, the buyer said Friday. CPPIB is paying $200m. GyM agreed to buy 12.38% of TGP in November for $237m, an acquisition which was funded by a loan from CPPIB. GyM and the Canadian pension manager agreed in November to invest together in Latin American infrastruc

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial