Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Abengoa Agrees to Sell Holding in China Water Desalination Plant

Don't Miss Out —
Follow us on:

Feb. 26 (Bloomberg) -- Abengoa SA agreed to sell its holding in the Qingdao seawater reverse-osmosis desalination plant in northeastern China to one of its venture project partners for 53 million euros ($72 million).

The Seville, Spain-based company said the plant, in operation since early 2013, has a capacity to purify 100,000 cubic meters a day of salt water. The sales agreement with state-owned Qingdao Water Group will be completed next month, Abengoa said in today’s statement.

Earlier this month Abengoa completed construction of a water plant and 100 kilometers (62 miles) of pipeline to bring drinking supplies to 250,000 people in southern Angola. In January it won a contract to build a $1 billion solar-thermal project in Chile’s Atacama desert that will be the largest of its kind in South America.

Link to Company News:{ABG SM <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.