Year of investment
ESSBIO-ANSM (“ESSBIO”) is the second-largest water utility in Chile, serving more than 3.5 million people. ESSBIO operations include all of the stages of the water cycle: production, distribution, sewage and treatment. Southern Cross acquired ESSBIO at a time the company was on the verge of losing its operating concession due to failure to comply with investment regulations. Southern Cross worked with management and regulators on a revised investment/development plan, future tariffs, and to restore ESSBIO’s relationship with the community.