Canadian Pension Board reveals price on TGP stake

Canadian Pension Board reveals price on TGP stake

M&A

Canada Pension Plan Investment Board (CPPIB) has paid $607m for a 23.6% stake in Peruvian pipeline company Transportadora de Gas del Peru (TGP) and a 100% interest in TGP’s operator COGA. CPPIB, which already owned a 10.4% stake in TGP, also unveiled plans to buy small stakes from minority owners to increase its ownership in the company to 36.8%. "TGP fits well with our infrastructure portfolio and is in line with our strategy to invest in key sectors in Latin America. We plan to continue pursui

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