Caisse de dépôt joins $9.9 bln investment in Australia's TransGrid
Canadian pension fund manager the Caisse de dépôt et placement du Québec has partnered in a consortium that acquired the 99-year lease of TransGrid, owner and operator of an electricity transmission network in Australia. The consortium, NSW Electricity Networks, was selected by the New South Wales government to buy the lease for about $9.9 billion. The Caisse will hold 24.99 percent of the equity, which represents an investment of $1.15 billion. Other consortium members included an affiliate of Abu Dhabi Investment Authority, Australia's Hastings Funds Management and Spark Infrastructure, and an affiliate of Kuwait Investment Authority.
25 November 2015•3 mins read
