Japanese Buy Aguas Nuevas

Japan-based trading company Marubeni and the Innovation Network Corporation of Japan (INCJ) have bought Chilean water utility Aguas Nuevas from Santander, according to a stock exchange filing. According to a report in a local newspaper, Marubeni and INCJ each paid $124m, for a 50% stake in the company. Santander and Aguas Nuevas did not return calls for comment. Marubeni did not return an e-mail seeking comment.