CDPQ to buy power transmission network in Brazil in deal valued at up to $108.5M

The Caisse de dépôt et placement du Québec has signed a deal to acquire a 695-kilometre power transmission network in central Brazil in a transaction valued at up to $108.5 million.

The Quebec fund manager says Integração Transmissora de Energia SA (Intesa) will be integrated into Verene Energia, its Latin American power transmission platform.

Intesa's network extends across central Brazil and is equipped with two substations.

The transaction is expected to close by the end of the year, subject to customary closing conditions and approvals.