Event Date:
07 Aug 18
Event Title:
Suez informs that through its subsidiary Suez Inversiones Aguas del Gran Santiago Limitada, it has sold 6.5% of its shares in Inversiones Aguas Metropolitanas S.A. (IAM), Aguas Andinas S.A’s controlling company. The sale has been executed in the Santiago Stock Exchange and in the Chilean Electronic Stock Exchange for a total of 65,000 million CLP, paying 1,000 CLP/share. Due to the sale of shares, the liquidity and depth of IAM’s shares have increased. After this operation, Suez maintains 50.1% ownership of IAM and ratifies its commitment to maintain control of IAM and Aguas Andinas S.A., leading Company in the water utility sector. The resources obtained with the sale of 6.5% of IAM’s shares will be used by Suez to continue with the development of the company’s activities in accordance to its strategic priorities. In the case of Chile and Peru, this includes important desalination projects, amongst other things” assures Felipe Larrain Aspillaga, who is responsible for Suez Pacífico Sur.
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