Agbar helps Iberdrola exit the water sector
- From: Vol 9, Issue 4 (April 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: (RWE) Rhein Ruhr Partners , Aguas Andinas, Iberdrola, Ondagua and Pridesa
Aguas Andinas has continued its march into Chile by relieving Iberdrola of its last remaining water asset.
Spain’s biggest electricity generator Iberdrola has reached an agreement to sell its 51% stake in Chilean water operator ESSAL (Empresa de Servicios Sanitarios de los Lagos) to Agbar-controlled Aguas Andinas for CLP72.5 billion (€103 million), the company announced at the end of March.
The sale of ESSAL is part of Iberdrola’s strategic plan for the period 2008-2010 ...
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