Caisse de dépôt et placement du Québec signed agreement to acquire 15% stake in Transportadora Associada de Gás S.A. - TAG from Engie Brasil Energia S.A. (BOVESPA:EGIE3) for a transaction valued at BRL 3.1 billion on December 28, 2023. Under the terms of agreement, the transaction is valued at BRL 3.1 billion, (approximately CAD 848 million), subject to usual price adjustments. As a result, ENGIE S.A. will maintain its 32.5% capital and ENGIE Brasil Energia will reduce its participation from 32.5% to 17.5%, remaining linked to the TAG shareholders' agreement, bringing ENGIE's total equity holdings in TAG to 50%, while CDPQ will hold the other 50% upon completion and have also increased governance rights, similar to those of Engie.

The transaction is subject to closing conditions and approvals and subject to the conditions defined by the Purchase and Sale Agreement. The financial close is expected by the end of January 2024. lexandre Chequer, Bruno Salzano and Débora Yanasse of Tauil & Chequer Advogados acted as legal advisor to Caisse de dépôt et placement du Québec. Banco J.P. Morgan S.A. acted as exclusive financial advisor to Engie Brasil Energia S.A. (BOVESPA:EGIE3).