Suez passes Santiago to Agbar
- From: Vol 5, Issue 8 (August 2004)
- Category: General
- Region: Americas
- Country: Chile
- Related Companies: Aguas Andinas, Aguas de Barcelona, Aguas Manquehue and Suez
Suez wants to reduce its emerging market exposure. Agbar wants to expand in Latin America. A deal for Aguas Andinas suits both parties.
Aguas de Barcelona (Agbar) and Suez announced an agreement in mid-July on the sale of Suez’s 30.1% interest in Inversiones Aguas Metropolitanas Limitada (IAM) to Agbar for €139.4 million. IAM is the controlling (51.2%) shareholder in Aguas Andinas, which provides water services to the Chilean capital Santiago.
The deal dilutes Suez’s financial exposure to the ...
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