EPM presses ahead with Aguas Antofagasta sale

EPM presses ahead with Aguas Antofagasta sale

M&A Equity Corporate & Sovereign Strategy Energy Chile Colombia

Empresas Públicas de Medellín (EPM) has hired Lazard to coordinate the sale of the Chilean water company Aguas Antofagasta, an M&A banker told LatinFinance. EPM's board approved plans in July last year to sell the company's stakes in Aguas Antofagasta and Los Coruros wind farm in Chile as part of a program to offload COP7tn ($2.25bn) in assets over three years. The company acquired Aguas Antofagasta for CLP596bn ($912m) in 2015. EPM, which is owned by the Medellín city government, is looking

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