Algonquin Announces Agreement to Sell Ownership Stake in Chilean Utility
Algonquin Power & Utilities Corp. agreed to sell its 64% ownership stake in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. for total proceeds of $126.5 million plus a potential $1.5 million earnout.
Key figures
- Deal Value Usd
- 126500000
- Earnout usd
- 1500000
- Capital plan usd
- 3200000000
- Stake sold percent
- 64%
AI analysis
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