ENGIE, a world energy leader, announces that together with Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ), a global institutional investor, it has made the winning bid in a competitive process conducted by Petrobras for the acquisition of a 90% shareholding stake in Transportadora Associada de G\u00e1s S.A. (TAG<\/u>) with a final and binding offer amounting to US$8.6 billion.<\/p>\n
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ENGIE will have a stake of 58.5% in the asset (of which 29.25% through ENGIE Brasil Energia) and CDPQ will have a stake of 31.5%, while Petrobras will maintain a 10% stake in TAG\u2019s capital. In addition to its ownership, ENGIE will be responsible for the operation and maintenance after the third year.<\/p>\n
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The transaction is conditional to the approval of the Extraordinary General Meeting of Petrobras and the Conselho Administrativo de Defesa Econ\u00f4mica<\/em> (CADE) (the Brazilian anti-trust authority) and the European Union anti-trust authority.<\/p>\n <\/p>\n TAG represents ENGIE\u2019s debut in the natural gas segment in Brazil and is aligned with the Group\u2019s global strategy to rebalance the geographic and regulatory exposures of its networks activities by strategically positioning itself on the steadily growing Brazilian gas market, while generating additional revenues. It will contribute to its ambition of leveraging sophisticated large-scale energy infrastructures such as the TAG pipeline, to accompany the cost-efficient diversification and decarbonization of the energy mix in its core countries.<\/p>\n <\/p>\n The investment is also in line with ENGIE\u2019s goal of generating revenues from assets in infrastructures \u2013 such as gas pipelines \u2013 and where agreements are long term. The business will allow ENGIE to diversify its activities in Brazil while enhancing its position in Latin America. ENGIE will bring its international experience of operating gas pipelines in competitive markets to the Brazilian domestic market. ENGIE currently operates more than 32,000 km of gas pipelines in Europe, Mexico, Chile, Argentina and Turkey.<\/p>\n <\/p>\n \u201cTAG\u2019s acquisition is an historic event for ENGIE in Brazil, where we have been operating for 23 years and where the company is always positioning itself as a long-term investor based on its belief in the country\u2019s potential. The transaction will be instrumental in the Group\u2019s rapid growth in Brazil from new sources of revenue, ensuring the sustainability of our presence in the domestic market, as well as illustrating our commitment to the Brazilian energy transition,\u201d Maur\u00edcio B\u00e4hr, CEO of ENGIE Brasil observed.<\/p>\n <\/p>\n <\/p>\n <\/p>\n According to B\u00e4hr, one of ENGIE\u2019s strategic objectives is \u201cto grow in renewable energies and in infrastructures such as transmission lines and the gas chain, as well as bring the company ever closer to the final client.\u201d Based on this guidance, he says, the company continues to examine the development and acquisition of gas distributors and transmission companies.<\/p>\n \u00a0<\/strong><\/p>\n CDPQ\u2019s first infrastructure investment in Brazil<\/strong><\/p>\n This new acquisition reflects CDPQ\u2019s investment approach, which focuses on quality assets and strong partners.<\/p>\n <\/p>\n \u201cWe are very pleased to work alongside ENGIE, a world leader in its industry. We welcome the company\u2019s knowledge of the energy sector and their long track record in Brazil,\u201d said Emmanuel Jaclot, Executive Vice-President, Infrastructure at CDPQ. \u201cOur first infrastructure investment in Brazil represents an important step in the geographic diversification of our portfolio, a key component to long-term performance.\u201d<\/p>\n <\/p>\n TAG<\/strong><\/p>\n TAG is the largest natural gas transportation network owner in Brazil with approximately 4,500 km of gas pipeline infrastructure located along the coast of the Northeast and Southeast regions in addition to a stretch linking Urucu to the city of Manaus (AM). The network also has 12 gas compression stations (6 proprietary and 6 subcontracted) and 91 delivery points.<\/p>\n <\/p>\n <\/p>\n ABOUT ENGIE<\/strong><\/p>\n ENGIE is the largest private power producer in Brazil, operating an installed capacity of 9,775 MW in 56 power plants, which represents about 6% of the country’s capacity. The Group has 90% of its installed capacity in the country generated from clean, renewable sources with low emissions of greenhouse gases.<\/p>\n <\/p>\n The Group also operates in the commercialization of energy in the free market and is among the largest companies in distributed photovoltaic generation. It has a complete portfolio of integrated solutions focused on cost reductions and improving infrastructure for companies and cities. The solutions focus on energy efficiency, energy monitoring and management, contract management of power supply, public lighting, HVAC systems, telecommunication, security as well as urban mobility systems for smart cities. With 2,300 employees, ENGIE\u2019s domestic turnover was of R$ 9.3 billion in 2018.<\/p>\n <\/p>\n ENGIE is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero-carbon transition of our customers, in particular businesses and local authorities. We rely on our key businesses (renewable energy, gas, services) to offer competitive turnkey solutions “as a service.”<\/p>\n With our 160,000 employees, and our customers, partners and stakeholders, we are a community of imaginative builders, committed every day to more harmonious progress.<\/p>\n <\/p>\n Turnover in 2018: 60.6 billion euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).<\/p>\n <\/p>\n <\/p>\n ABOUT CDPQ<\/strong><\/p>\n Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December\u00a031, 2018, it held CA$309.5\u00a0billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit\u00a0cdpq.com<\/a>, follow us on Twitter\u00a0@LaCDPQ<\/a>\u00a0or consult our\u00a0Facebook<\/a>\u00a0or\u00a0LinkedIn<\/a>\u00a0pages.<\/p>\n <\/p>\n For more information:<\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Media ENGIE<\/strong><\/p>\n \u00a0<\/strong><\/p>\n BRAZIL:<\/p>\n Pedro Soares<\/p>\n Press Advisor – FSB Comunica\u00e7\u00e3o<\/p>\n +55 21 98269-1840<\/p>\n +55 21 2217-6500<\/p>\n pedro.soares@fsb.com.br<\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Media CDPQ<\/strong><\/p>\n \u00a0<\/strong><\/p>\n canada:<\/p>\n Maxime Chagnon<\/p>\n Senior Director, Media Relations and Public Affairs<\/p>\n +1 514\u00a0847 5493<\/p>\n mchagnon@cdpq.com<\/p>\n <\/p>\n <\/p>\n GLOBAL:<\/p>\n Cesaltine Gregorio<\/p>\n Senior Advisory Director, Global Media Relations<\/p>\n +1 212 596 6314<\/p>\n +1 347 241 3248<\/p>\n cgregorio@cdpq.com<\/p>\n","protected":false},"excerpt":{"rendered":" With the acquisition, ENGIE enters the gas value chain Market and becomes a relevant player in power and gas in Brazil<\/p>\n","protected":false},"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-18556","imprensa","type-imprensa","status-publish","format-standard","hentry","tipo-release-holding-en"],"acf":[],"yoast_head":"\n