Iberdrola Sells Stake in Chilean Water

Spain’s Iberdrola has agreed to sell its 51% stake in Chile’s Empresa de Servicios Sanitarios de los Lagos to Aguas Andinas. Local media reported that the Santiago-based water unit of Sociedad General de Aguas de Barcelona agreed to pay close to EUR105m for the 488.7m shares. The deal is expected to finalize in the coming weeks.