Enagás has signed an agreement to increase its stake in Compañía Operadora de Gas del Amazonas (COGA) from 30% to 51% for a total of 8.86 million US dollars.
More specifically, Enagás and Carmen Corporation (CPPIB) have jointly acquired the totality of the shareholding Graña y Montero had in COGA.
After the operation, the share ownership of COGA is as follows: Enagás Internacional, S.L.U. 51% and Carmen Corporation (CPPIB) 49%.
Through this agreement, Enagás becomes the leading shareholder in the company which is responsible for the operation and maintenance of the natural gas transmission systems in Peru, in line with the strategy of consolidating its position in regions where Enagás is already present through the growth of its affiliate companies. In addition to COGA, the company is in Peru through its 28.94% stake in Transportadora de Gas del Perú (TgP).
COGA is a company authorised for the operation and maintenance service of natural gas and liquefied natural gas transmission systems. It operates and maintains about 1,500 km of pipelines and compression plants in Peru.