Solari shelves Aguas Nuevas sale
- From: Vol 8, Issue 11 (November 2007)
- Category: General
- Region: Americas
- Country: Chile
- Related Companies: Aguas Nuevas, Marubeni, Mitsui & Co. and Solari Group
It looks like the Japanese have come off worst again in the battle for Chilean water exposure. The owners of Aguas Nuevas have elected to expand into other markets instead.
Chile’s fourth-largest water company Aguas Nuevas has scrapped plans for a sale to Japanese trading houses Mitsui & Co. and Marubeni Corp., and says it aims to expand in Colombia and Peru.
Aguas Nuevas’ owner, the Solari family, was thought to have wanted to sell Aguas Nuevas to concentrate on its growing department store business, but the company was unable ...
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