On April 29, 2022, Terna Group, comprising Terna S.p.A., Terna Plus S.r.l., and Terna Chile S.p.A., completed a sale agreement with CDPQ, a global investment group, for their entire Latin American power transmission asset portfolio. The transaction, valued at over 265 million euros, included assets in Brazil, Peru, and Uruguay. This modern, approximately 1,200-kilometer network was a product of Terna's significant five-year investments in the region, enhancing sustainable, resilient, and digitalized infrastructure, with local community engagement. The deal resulted in a capital gain of over 60 million euros for Terna.

Giacomo Donnini, Head of Terna International Operations, stated that this move aligns with Terna's strategy to focus on low-risk, high-growth potential markets, as per their 2021-2025 Industrial Plan. For CDPQ, this acquisition represents their first foray into the Latin American energy transmission market, supporting their climate strategy to reduce the carbon intensity of their portfolio by 60% by 2030. Emmanuel Jaclot, CDPQ's Executive Vice-President and Head of Infrastructure, highlighted the investment's role in establishing a new platform for power transmission in Latin America, aiming to become a major player in this essential economic sector.

The transaction's closure is expected in several stages, mainly in the second half of 2022, pending standard conditions. Terna Group's financial advisory was provided by Santander Corporate & Investment Banking, with legal advice from Curtis, Mallet-Prevost, Colt & Mosle. CDPQ's legal advisor was Pinheiro Neto Advogados.