Algonquin Power sells majority stake in Chilean utility for $126 million
Algonquin Power & Utilities announced after the market closed on Friday that it has agreed to sell its approximately 64% ownership stake in Suralis S.A., a Chilean water utility, to Toesca S.A. Administradora General de Fondos for $126.5 million. The transaction is expected to provide Algonquin with immediate liquidity and aligns with the company's strategy of optimizing its portfolio by focusing on core assets while monetizing non-core holdings. The deal reflects a strategic shift in Algonquin’s international investments, particularly within Latin America.
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Topics: Chile divestment water utility