Canada Pension Plan Investment Board (CPP Investments) announced on August 11, 2025, that it reached a definitive agreement to sell its 49.87% equity ownership stake in Transportadora de Gas del Peru S.A. (TgP) to investment vehicles managed by EIG. TgP operates Peru’s main natural gas and natural gas liquids pipelines under a long-term concession, supplying approximately 40% of the country’s power generation.

CPP Investments first invested in TgP in 2013 and increased its position through follow-on transactions from 2014 to 2017, deploying a total of US$1.4 billion (approximately C$1.9 billion at the time). James Bryce, Head of Infrastructure for CPP Investments, emphasized that the investment generated strong returns and reaffirmed CPP Investments’ ongoing interest in Latin American opportunities. Matt Hartman, EIG’s Global Head of Infrastructure, noted that EIG will focus on maintaining TgP’s operational reliability and ensuring it continues as a cornerstone of Peru’s energy sector.

Financial terms of the divestment will be disclosed upon completion, and the transaction remains subject to customary closing conditions and regulatory approvals.