Caisse de dépôt et placement du Québec entered into an agreement to acquire Integração Transmissora de Energia S.A. from Equatorial Energia S.A. in a transaction, valued at up to approximately BRL 400 million.

Caisse de dépôt et placement du Québec entered into an agreement to acquire Integração Transmissora de Energia S.A. from Equatorial Energia S.A. (BOVESPA:EQTL3) in a transaction, valued at up to approximately BRL 400 million on November 1, 2023. Under the terms of agreement, the transaction, valued at up to CAD 108.5 million (BRL 396.4 million), marks CDPQ's second power transmission investment in Latin America in the past 18 months, following the acquisition of power lines extending nearly 1,100 kilometres in Brazil and Uruguay, which are now part of Verene Energia, an energy platform founded by CDPQ. Post completion of the acquisition, Intesa will be integrated into Verene Energia, CDPQ's Latin American power transmission platform.

The transaction is subject to customary closing conditions and relevant consents and approval and is expected to close by the end of December 2023.