Antofagasta completes sale of water division
Copper mining group Antofagasta has completed the sale of its water business to Colombian group Empresas Públicas de Medellín.
Antofagasta
2,227.00p
17:09 25/04/24
2.82%
61.00p
FTSE 100
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17:14 25/04/24
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Mining
10,403.74
17:09 25/04/24
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On 23 April, the Chile-based group announced it had reached a deal to sell Aguas de Antofagasta S.A. for $960m (£625.4m) and expected the transaction to be completed by the end of May.
Antofagasta’s water division reported earnings before interest, tax, depreciation and amortisation of $75.1m, while its gross assets as of 31 December amounted to $212.4m.
Antofagasta shares were down 1.19% to 757.38p at 10:03 on Wednesday.