CPP Investments sells stake in Peruvian energy infrastructure company TgP
Torys acted as counsel to CPP Investments with a team led by Jared Fontaine and included Stephen Neil, Heding Yang and Alastair Smith (corporate/M&A).
On August 11, 2025, Canada Pension Plan Investment Board (“CPP Investments”) announced that it reached a definitive agreement to sell its 49.87% equity ownership stake in Transportadora de Gas del Peru S.A. ("TgP") to vehicles managed by EIG Global Energy Partners (“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 subsequently increased its holding through follow-on transactions from 2014 to 2017, having deployed US$1.4 billion in total.
Closing of the transaction was announced on December 19, 2025.
Further information can be found on Canada Newswire’s website.
CPP Investments is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. At March 31, 2025, the Fund totaled C$714.4 billion.
EIG is a leading institutional investor in the global energy and infrastructure sectors with $23.8 billion assets under management as of June 30, 2025. EIG specializes in private investments in energy and energy-related infrastructure on a global basis.