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Completion of Agreement

6th Mar 2009 17:12

RNS Number : 4937O
Antofagasta PLC
06 March 2009
 



For immediate release

Antofagasta plc

Aguas de Antofagasta - completion of agreement to acquire desalination facility

London6 March 2009 Further to the announcement of 13 February 2009Antofagasta plc announces that its subsidiary Aguas de Antofagasta S.A. ("ADASA") has completed the acquisition of the desalination plant located in the city of Antofagasta from the current owner, Desalant S.A., for a purchase price of US$52.5 million.

As previously explained, the desalination plant, for which ADASA was the sole customer, provides it with a part of its water for its distribution business. The plant will be held under the terms of the 30-year concession to distribute water in Chile's Antofagasta Region which was acquired by ADASA in 2003. Completion of the acquisition consolidates ADASA's position in the water distribution business in the Region.

Enquiries - London

Antofagasta plc

Tel: +44 20 7808 0988

www.antofagasta.co.uk

Desmond O'Conor

Email: [email protected]

Hussein Barma

Email: [email protected]

Press Enquiries - London

Bankside Consultants

Tel: +44 20 7367 8874

Mobile: +44 7811168822

Oliver Winters

Email: [email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 
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