Algonquin Power & Utilities to Sell Stake in Chilean Water Utility Suralis to Toesca Fund
August 28, 2026
Algonquin Power & Utilities Corp. reached an agreement to sell its approximately 64% ownership stake in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. Administradora General de Fondos. The transaction is expected to close within the next two quarters for total proceeds of about $126.5 million, plus an earnout opportunity of up to $1.5 million.
- Buyers
- Toesca S.A. Administradora General de Fondos (fund managed)
- Targets
- Suralis S.A.
- Sellers
- Algonquin Power & Utilities Corp.
- Industry
- Utilities
- Location
- Chile
- Transaction Type
- Divestiture
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