Santander secures its first Latin American water asset
- From: Vol 9, Issue 12 (December 2008)
- Category: General
- Region: Americas
- Country: Australia and Chile
- Related Companies: Aguas Andinas, Aguas Nuevas, Santander Private Equity and Thames Water
A new bid from a Spanish infrastructure fund has put the challenger out of the picture in the battle to acquire Chilean water giant Aguas Nuevas.
Spain’s Santander Group has reached agreement with the Solari family to buy Aguas Nuevas, Chile’s third largest water utility, for an estimated price of between USD300 million and USD350 million.
Australian fund Challenger had previously been the favourite to buy Aguas Nuevas, having entered into due diligence with the company in early September. A source close to the ...
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