Parties
Company
OMERS Infrastructure Management Inc.
Company
Enagás Internacional
OMERS Infrastructure, in partnership with Enagás Internacional, announced the past sale of their combined 80% stake in GNL Quintero S.A. (GNLQ) to a consortium comprising EIG and Fluxys S.A. The transaction involved OMERS Infrastructure selling its 34.6% interest through OMERS Infrastructure Chile Holdings I SpA. GNLQ, known for its adherence to high safety and performance standards, is a prominent terminal located in Chile's Valparaiso Region. It plays a crucial role in the reception, unloading, storage, and regasification of liquefied natural gas (LNG), ensuring a stable energy supply to central Chile, including Santiago. Gisele Everett, Senior Managing Director at OMERS Infrastructure, reflected on the firm's investment in GNLQ since 2017, lauding the terminal's reliable operations and contribution to energy security. She highlighted OMERS Infrastructure's efforts in supporting GNLQ's future-oriented initiatives, such as green hydrogen production projects. Upon exiting the investment, OMERS Infrastructure intends to reinvest the undisclosed proceeds into expanding its portfolio, focusing on energy transition, mobility, connectivity, community, and natural systems. Completion of the deal awaits regulatory approvals and is anticipated to conclude in the second half of 2022. Credit Suisse provided financial advice to OMERS Infrastructure, with Milbank LLP and Carey y Cía. Ltda. serving as legal advisors.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
21 July 2022