Algonquin Power & Utilities to Sell Chilean Water Utility Stake for $126.5 Million

MT Newswires Live

Aug 29

Algonquin Power & Utilities (AQN) said late Friday it reached an agreement to sell its roughly 64% ownership stake in Chilean water utility Suralis for total proceeds of $126.5 million, plus an earnout of up to $1.5 million, to a fund managed by Toesca SA Administradora General de Fondos, a Chilean asset manager.

Proceeds will be used for debt paydown and to support capital recycling into Algonquin's $3.2 billion capital plan for 2026 to 2028, it said.

The deal is expected to close within the next two quarters, the company added.

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Utilities (AQN) said late Friday it reached an agreement to sell its roughly 64% ownership stake in Chilean water utility Suralis for total proceeds of $126.5 million, plus an earnout of up to $1.5 million, to a fund managed by Toesca SA Administradora General de Fondos, a Chilean asset manager.</p><p>Proceeds will be used for debt paydown and to support capital recycling into Algonquin's $3.2 billion capital plan for 2026 to 2028, it said.</p><p>The deal is expected to close within the next two quarters, the company added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AQN.AU","symbol_name":"AQUIRIAN LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2663015519","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663015519","pubTimestamp":1787950173,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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