Mergers & Acquisitions ·
Algonquin completes sale of ~64% stake in Chilean utility Suralis for $126.4M
AGQPFAlgonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. has completed the previously announced sale of its approximately 64% ownership interest in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. Administradora General de Fondos. The transaction, originally announced on August 28, 2026, generated total proceeds of approximately $126.4 million and includes an earnout opportunity of up to $1.5 million. Management stated the sale advances portfolio simplification efforts and supports capital deployment priorities, with proceeds expected for debt paydown and recycling into the company's 2026-2028 capital plan. Algonquin Power & Utilities Corp. is a diversified international generation, transmission, and distribution utility providing energy and water solutions.