May 3, 2022 |
Italian energy company Terna said it has reached an agreement to sell its power transmission assets in Brazil, Peru and Uruguay for more than €265 million ($278 million) to Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), a move to pull out of riskier markets.
The deal includes around 1,200km of power lines in the three countries, Terna said in a statement.
"Terna will now refocus its international footprint in low-risk markets with attractive growth potential," said Giacomo
Italian energy company inks a $278 mln deal with Canadian pension fund CDPQ