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