Algonquin agrees to sell 64% stake in Chilean utility Suralis for USD 126.5 million
AQN•Algonquin to sell Suralis stake
Algonquin Power & Utilities agreed to sell its 64% stake in Chilean water utility Suralis to a fund managed by Toesca.
Expected proceeds are USD 126.5 million, with an earnout opportunity of up to USD 1.5 million.
The cash is earmarked for debt reduction, with capital recycling into the company's USD 3.2 billion 2026-2028 capital plan.
Closing is targeted within the next two quarters, subject to customary conditions including merger control approval.
