Washington, April 2024. Astris Finance congratulates its client CDPQ in the successful sale of a 132-mile transmission line in Uruguay to Atlantica Sustainable Infrastructure Ltd.

The transmission line has been in operation since 2019 and has a lease agreement until 2049 with UTE (Administración Nacional de Usinas y Transmisiones Eléctricas), the state-owned company responsible for the generation, transmission and distribution of electricity in Uruguay.

Astris acted as exclusive financial advisor to CDPQ in the M&A sell-side process. The closing of the transaction demonstrates Astris’ leading position in the Uruguayan infrastructure and energy markets, where we have been active and advised several landmark transactions over the past years.