The Canada Pension Plan Investment Board (CPP Investments) has agreed to sell its nearly 50% stake in Transportadora de Gas del Peru S.A. pipeline, one of the country's main energy infrastructure assets, to a group of funds managed by EIG, a global institutional investor in the energy and infrastructure sectors.Â
Announced on Wednesday, August 12, 2025, the transaction marks the end of CPP Investments' decade-long involvement with TgP, which it first invested in back in 2013.
CPP Investments' head of infrastructure, James Bryce, stated that the investment "delivered strong returns for contributors and beneficiaries," adding that the organisation would continue to evaluate opportunities in Latin America.Â
Over its tenure, the Canadian fund deployed a total of US$1.4 billion into TgP, expanding its holding through follow-on transactions between 2014 and 2017.
TgP plays a critical role in Peru's energy landscape, operating the country's primary natural gas and natural gas liquids pipelines. These pipelines, held under a long-term concession, are responsible for supplying roughly 40% of the nation's power generation.
For EIG, the acquisition is a strategic move to bolster its presence in the region. EIG's global head of infrastructure, Matt Hartman, said the firm plans to leverage its extensive experience in both infrastructure and regional markets to support TgP's operational reliability and ensure it maintains its crucial role in Peru's energy sector.
While the financial details of the deal have not been disclosed, they will be revealed upon completion. The sale is subject to standard closing conditions and regulatory approvals.