October 15, 2020
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
Chilean water company closes the deal with Canada's Algonquin Power