Canada Pension Plan Snags $200M Stake In Peruvian Gas Co.

Law360, New York (January 31, 2014, 2:24 PM EST) -- The Canada Pension Plan Investment Board said Friday it is picking up a 10.4 percent stake in a Peruvian natural gas transporter for $200 million, marking the pension fund’s first infrastructure investment in Peru as it grows investment portfolio in Latin America.

The CPPIB is acquiring a stake in Transportadora de Gas del Peru SA, or TgP, from Grana y Montero, the largest engineering and construction company in Peru, the CPPIB said. This investment is part of an overall plan to pursue infrastructure investments in the...
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