The Caisse de dépôt et placement du Québec has acquired a 25% interest in Interconnector(UK)Limited for $352.3 million dollars from BG Group.

Interconnector is a natural gas transporter based in the United Kingdom, which owns and operates a pipeline between the U.K. and Belgium.

“This transaction perfectly meets the Caisse’s private equity group’s investment criteria. First and foremost, this asset is of very high quality,” says Ghislain Gauthier, first vice-president, infrastructures and energy from the private equity group at the Caisse.

“Moreover, the rates for this pipeline are fixed until 2018, which guarantees a stable and predictable income stream.”

To comment on this story email craig.sebastiano@rci.rogers.com.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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