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
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