Solari looks to exit the Chilean water sector
- From: Vol 8, Issue 10 (October 2007)
- Category: General
- Region: Americas
- Country: Chile
- Related Companies: Aguas Araucania, Aguas de Barcelona, Aguas Decima, Aguas del Altiplano, Aguas Magallanes, Aguas Nuevas, Almendral, Essbio, Esval, Iberdrola, Marubeni, Mitsui & Co., Ontario Teachers’ Pension Plan and Solari Group
Three years after buying a trio of concessions in the Chilean water market for $171 million, the Solari family is now eyeing an exit strategy which could net it $500 million.
After losing out to Canada’s Ontario Teachers’ Pension Plan (OTPP) in the battle for Chilean water utility Esval, Japanese trading houses Mitsui & Co. and Marubeni Corp. are again facing off for control of Chile’s fourth-largest water company Aguas Nuevas, which could sell for more than $500 million by the end of this year, according to sources close to ...
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