Aguas Andinas share sale raises $980m
- From: Vol 12, Issue 6 (June 2011)
- Category: General
- Region: Americas
- Country: Chile
- Related Companies: Aguas Andinas, Essal and Essbio
Chile has divested the first of four packets of shares in its water utilities.
The Chilean government raised $980 million from the sale of a 30% stake in the country’s largest water utility Aguas Andinas on 15 June. BanChile, IMTrust and Merrill Lynch led the offering, which is designed to part-fund the country’s reconstruction efforts following the 2010 earthquake.
The share sale will give a welcome boost to the liquidity of the ...
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