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OMERS Infrastructure and Enagas Announce Joint Sale of 80% Stake in Chile’s GNL Quintello, Canadian Business Journal

Toronto, March 28, 2022 (GLOBE NEWSWIRE) — (DATE, Toronto) – OMERS Infrastructure today signed an agreement with OMERS partner Enagás Internacional to sell a total 80% stake in GNL Quintero SA (GNLQ). Was announced. To a consortium formed by EIG and Fluxys SA, OMERS Infrastructure will sell 100% of OMERS Infrastructure Chile Holdings I SpA, which owns a 34.6% stake in GNLQ.

Operating under high safety and performance standards, GNLQ is the main terminal in the Valparaiso region, responsible for receiving, unloading, storing and regasifying liquefied natural gas (LNG). GNLQ promotes the provision of reliable and consistent energy sources to home, commercial and industrial customers, power plants, and other users located in central Chile, including Santiago.

“We have been actively investing in GNLQ since 2017 and are honored to be able to work with our equity holding partners and GNLQ’s experienced management team. During the period of ownership, GNLQ has reliable operational performance. We ensured energy security for our direct and end-user customers, “said Gisele Everett, Senior Managing Director for North and South America for OMERS Infrastructure.

“We are proud to have worked on the position of GNLQ for the future, including supporting the company’s plans to launch a project to produce green hydrogen for central Chile. GNLQ is proud of this new in its history. As we enter the chapter, we hope that the company and its new investors, EIG and Fluxys, will continue to succeed, “she continued.

The OMERS Infrastructure will continue to relocate revenues and expand its portfolio in key markets across five priority investment themes: energy migration, mobility, connectivity, communities and natural systems.

This transaction requires regulatory approval and will be completed on H2-2022. No further financial information will be disclosed. OMERS Infrastructure was advised by Credit Suisse as financial adviser, Milbank LLP and Carrie Isia. As a legal advisor.

OMERS PR contact

Neil Flab

OMERS Manager, Media Relations

E: nhrab@omers.com

T: +1416392418

About OMERS and OMERS Infrastructure:

OMERS Infrastructure will globally manage investment in infrastructure on behalf of OMERS, a defined benefit pension plan for employees in the municipality of Ontario, Canada. The investment is aimed at stable returns that help provide OMERS members with a sustainable, affordable and meaningful pension. The OMERS infrastructure also manages the capital of several assets for other institutional investors.

The OMERS diversified portfolio of large infrastructure assets demonstrates stability and strong cash flow in sectors such as energy, digital services, transportation and government regulated services. OMERS has employees in Toronto and other major cities in North America, the United Kingdom, Continental Europe, Asia and Australia. OMERS is one of Canada’s largest defined benefit pension funds with net worth of $ 121 billion as of December 31, 2021.

Details: www.omersinfrastructure.com


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OMERS Infrastructure and Enagas Announce Joint Sale of 80% Stake in Chile’s GNL Quintello, Canadian Business Journal

Source link OMERS Infrastructure and Enagas Announce Joint Sale of 80% Stake in Chile’s GNL Quintello, Canadian Business Journal

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