Chile Eyes Utility Stake Sale

Chile Eyes Utility Stake Sale

Chile

The Chilean government is planning to sell its stakes in local water utilities to raise about $1.6bn, according to the finance ministry. The government would sell its 34.98% stake in Aguas Andinas, 43.44% in Essbio, 29.43% in Esval and 45.46% in Essal. Proceeds will be used to capitalize state-owned companies Codelco, which has a $10bn investment plan, as well as Enap, Metro and EFE. The most likely buyers could be infrastructure companies that are already invested in the utilities, according to

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