Canada Pension Buys Stake in Peruvian Gas Transporter

Canada Pension Plan Investment Board, the country’s largest pension manager, bought a 10.4 percent stake in Transportadora de Gas del Peru SA, marking the fund manager’s first infrastructure deal in the country.

Canada Pension is acquiring the stake for $200 million, from Grana y Montero SA, the largest infrastructure and construction firm in Peru, the Toronto-based fund said in a statement today.

“This transaction is in line with our strategy to invest in key sectors in Latin America,” Andre Bourbonnais, senior vice president of private investments for the fund, said in the statement. The fund will “continue to pursue infrastructure opportunities in select markets in Latin America,” he said.

Transportadora, based in Lima, is the largest transporter of natural gas in Peru. It delivered about 95 percent of the country’s natural gas from the Camisea gas fields in the Peruvian Amazon, according to the statement.

Canada Pension managed about C$193 billion ($173 billion) as of Sept. 30 for 18 million Canadians outside the province of Quebec.

To contact the reporter on this story: Katia Dmitrieva in Toronto at edmitrieva1@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

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