Chilean government sells water utility stock raises 984 million USD

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The Chilean Economic Development Agency (CORFO) raised US$984 million last week by selling its 29.98% stake in the country’s main water utility, Aguas Andinas SA.

The government kept a 5% stake in the company to maintain veto power in decisions about mortgages and waters rights and transfers.

Read more: http://bit.ly/prrYo0

Industry Tags: Water Utility
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