Algonquin Power & Utilities Corp. agrees to aquire 53.51% participation in ESSAL

Algonquin Power & Utilities Corp. has entered into an agreement to acquire from Aguas Andinas S.A. its 53.51% direct and indirect participation in the water utility company Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL). The estimated purchase price is $92.3 million. Due to local regulation, a tender offer process will also be launched for the total remaining shares of ESSAL.

Source: PR Newswire