Chile: Thames takes stake in Essbio
- From: Vol 1, Issue 10 (October 2000)
- Category: General
- Region: Americas
- Country: Chile
- Related Companies: Aguas Arauco, Aguas de Barcelona, Aguas de Portugal, Anglian Water, Biwater, Enersis, Esval, Nuon, Suez, Thames Water and Veolia Environnement (formerly Vivendi Environnement)
Thames Water has made the winning bid for a 42% shareholding in Chile’s Essbio (Empresa de Servicios Sanitarios del Bio Bio). Acting under the name of Aguas Arauco, Thames – which has just been bought by German firm RWE – paid $282.3 million for its stake, beating Vivendi’s offer of $269 million.
The deal will be sealed by 30 November after Chile’s treasury audit office (Contraloria General de la Republica) has examined it. Government officials in charge of the auction said the price paid was higher than had been anticipated.
Essbio, Chile’s third largest water utility, is thus valued at an overall $673 million. The company serves 350,000 customers ...
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