Dutch pension investment company APG and telecommunications company Celeo Redes agreed to acquire Colbún Transmisión, which consists of 29 operational transmission line assets totaling 899 km and 27 transmission substations located across Chile, for $1.3bn. "We are pleased with today’s agreement and acquiring such a strong foothold in the Chilean transmission market through the acquisition of Colbún Transmisión together with Celeo. We are always looking for solid, stable infrastructure investments because they help us to realize profitable and long-term returns for our pension fund clients and their participants," Ron Boots, APG Head of Infrastructure Europe.