Reports have suggested Transports Infrastructures Gaz France could sell for up to €3bn after the sale was announced in the third quarter of 2012.
AXA PE is supporting a consortium led by French state-backed Caisse des Depots arm CDC Infrastructure, as well as the Abu Dhabi Investment Authority, Belgian natural gas operator Fluxys, Credit Agricole and insurer Predica.
GIC is co-bidding with French energy company EDF and Italian peer Snam A consortium led by Spanish utility Enagas was also previously in the running.
Earlier this week it emerged AXA PE had sold its stake in energy valve manufacturer Phönix/Strack Group after a holding period of just two years.
AXA PE said it has sold its holding in Phönix/Strack to the Curtiss-Wright Corp, the New York-listed aircraft parts manufacturer, for €82m.
Phönix/Strack is based in Volkmarsen, Germany and makes custom-built valves for large industrial companies operating in the energy, chemicals and refinery industries.
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