CVCI to invest US$400mn in TGI

- Friday, December 17, 2010

CVCI to invest US$400mn in TGI

Citi Venture Capital International (CVCI), a subsidiary of the Citibank group, will invest US$400mn in Colombian gas transporter TGI, the latter company's owner EEB announced in a press release.

The investment will give CVCI a 31.9% shareholding in TGI.

Formal approval is required from Colombian authorities before the deal is completed, the EEB statement added.

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