CVCI to invest US$400mn in TGI

Friday, December 17, 2010

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.

Start your 15 day free trial now!


Already a subscriber? Please, login

EEB has been looking for extra capital for its operations as part of its corporate strategy plan.