The Caisse acquires an interest in Interconnector, a natural gas pipeline linking the United Kingdom and continental Europe

    MONTREAL, June 22 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec has acquired a 25% equity interest in Interconnector (UK) Limited, a
United Kingdom gas transporter, which owns and operates a bi-directional
pipeline linking the UK and Belgium. The Caisse acquired the shareholding from
BG Group for (pnds stlg) 165 million.
    "This transaction perfectly meets the Caisse's Private Equity Group's
investment criteria. First and foremost, this asset is of very high quality.
Interconnector is the owner of a strategic natural gas transportation link
between the United Kingdom and the rest of Europe. Moreover, the rates for
this pipeline are fixed until 2018, which guarantees a stable and predictable
income stream," states Ghislain Gauthier, First Vice-President Infrastructures
and Energy from the Private Equity Group at the Caisse.

    The Caisse de dépôt et placement du Québec is a financial institution
that manages funds essentially for pension and insurance plans in the public
and private sectors. As at December 31 2006, the Caisse's net assets under
management were worth 143.5 billion dollars. The Caisse invests in major
financial markets as well as in private equity and in real estate. The private
equity team is especially interested in business ventures that provide steady
and predictable sources of income for the infrastructure portfolio. The Caisse
enters into partnerships with dynamic enterprises in different economic
sectors and offers a wide range of financing options, more specifically,
equity interests and loans. As at December 31 2006, the Private Equity
sector's portfolios had a net worth of 16.8 billion dollars. For more

For further information:

For further information: Gilles des Roberts, Caisse de dépôt et
placement du Québec, (514) 847-2175

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