Algonquin Power & Utilities to acquire a 53.5% stake in ESSAL from Aguas Andinas for $92.3m.

Algonquin Power & Utilities, a renewable energy and regulated utility conglomerate, agreed to acquire a 53.5% stake in Empresa de Servicios Sanitarios de Los Lagos, a vertically integrated, regional water and wastewater provider, from Aguas Andinas, a water services companies, for $92.3m. "The acquisition of ESSAL supports APUC's strategic growth program and broadens our regulated footprint into a historically stable and foreign investment-friendly OECD country with a robust regulatory framework. As APUC's first international water utility, ESSAL will benefit from our core competency of responsible utility ownership, as well as leverage our best practices of safety, operational excellence, and innovation. We are excited with this opportunity to serve the water needs of our Chilean customers," Arun Banskota, APUC Chief Executive Officer.