The Caisse de dépôt et placement du Québec increases its investment in Fluxys G

MONTREAL, Sept. 22, 2011 /CNW Telbec/ - The Caisse de dépôt et placement du Québec announced that it has increased its capital in Fluxys G, raising its stake from 10% to 20% through an additional investment of €210 million. This capital increase is intended to support Fluxys G's investment program, including the acquisition of interests of Eni, an Italian company active in the energy sector, in TENP (Germany) and Transitgas (Switzerland) pipelines, instrumental in supplying gas to the German, Swiss and Italian markets.

Based in Belgium, Fluxys is a gas infrastructure company that supplies and operates in the North-Western European market. Its activities include building and operating natural gas infrastructures such as pipelines, storage facilities and liquefied natural gas terminals.

"Fluxys stands as a leader in its market, which corresponds perfectly to our goals of achieving stable and predictable long-term returns. The acquisition of interests in TENP and Transitgas contributes to increasing its foothold in North-Western Europe. We are pleased to have been able to support, through this capital increase, the company's investment and development projects," said Normand Provost, Executive Vice-President, Private Equity and Chief Operations Officer for the Caisse. "With its management team's experience and positive track record, Fluxys builds on solid ground and offers a good long-term outlook for our depositors," he added.

Publigaz, another Fluxys shareholder, also invested an additional €90 million as part of this transaction.

ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2010, it held $151.7 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.lacaisse.com

SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

For further information:

Maxime Chagnon
Senior Director, Media and Public Relations
514 847-5493
mchagnon@lacaisse.com

Organization Profile

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890