Consortium wins US$340 million bid to take control of Argentina’s AySA

AySA supplies water and sanitation to about 14 million people in Buenos Aires and nearby districts.

A consortium won the bid to take over 90% of the state-owned company for US$340.2 million.

It has committed to invest US$1.94 billion in the first five years and US$15.04 billion over 30 years.

The deal matters because the company’s services and network affect millions of people.