May 19, 1999: Inversiones Aguas Metropolitanas, IAM, was constituted as a limited partnership by the companies Agbar and Suez Environnement in order to take part in the privatization of Empresa Metropolitana de Obras Sanitarias, EMOS S.A., today Aguas Andinas S.A. IAM was awarded the block of shares in the international tender carried out by Corporación de Fomento de la Producción (CORFO), and then subscribed for a capital increase and acquired additional shares on the stock exchange, thus taking control of Aguas Andinas (ex EMOS) with a 51.2% shareholding.