Algonquin Power & Utilities completes sale of 64% stake in Chilean utility Suralis

Bitget2026/10/30 21:00

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Algonquin Power & Utilities completed the sale of its approximately 64% stake in Chilean water utility Suralis to a Toesca-managed fund.
The transaction, originally announced August 28, 2026, generated approximately $126.4 million, with a potential earnout of up to $1.5 million.
Proceeds are expected to fund debt repayment and capital recycling into the company's 2026-2028 capital plan.
The sale simplifies the portfolio as the company sharpens its focus on core regulated utility businesses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algonquin Power & Utilities Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261030874772) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Algonquin Power & Utilities completes sale of 64% stake in Chilean utility Suralis

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