Aguas Andinas earns $92 mln in Essal sale

Aguas Andinas earns $92 mln in Essal sale

M&A Project & Infrastructure Finance Chile Canada Andean

Chilean water utility company Aguas Andinas earned $92.3 million from the sale of a controlling stake in Empresa de Servicios Sanitarios de Los Lagos (Essal), based in the southern city of Puerto Montt, according to a securities filing on Tuesday. Algonquin bought 51% of Essal from Aguas Andinas subsidiary Inversiones Iberaguas for $88 million and acquired the other 2.51% from Aguas Andinas on the Santiago Stock Exchange for 4.32 million, according to the filing. Aguas Andinas agreed in Septembe

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