Algonquin Power & Utilities completes sale of 64% stake in Chilean utility Suralis
AQN•Algonquin Power & Utilities completed the sale of its approximately 64% stake in Chilean water utility Suralis to a Toesca-managed fund for about $126.4 million, with a potential earnout of up to $1.5 million.
1. Sale proceeds
Algonquin Power & Utilities said proceeds are expected to fund debt repayment and capital recycling into its 2026-2028 capital plan. The sale simplifies its portfolio as the company sharpens its focus on core regulated utility businesses.
