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Patria Investments Announces Sale Of Aguas Pacifico Project To Patria Infrastructure Fund V And Global Investors; Completion Expected Q1 2025; No Financial Terms Disclosed
Patria Investments Ltd. Class A PAX | 0.00 |
Patria Investments Limited ("Patria") (NASDAQ:PAX), a global alternative asset manager, announced that Patria Infrastructure Fund III ("IS Fund III") has substantially met the conditions precedent necessary for the sale of Aguas Pacifico, a multi-client water desalination project under construction in Chile, to Patria Infrastructure Fund V ("IS Fund V") and other investors. The agreement for the transaction was signed in December 2024.
The sale of this asset is expected to be completed in 1Q25 and will be supported by a number of global investors, including sovereign wealth funds and institutional investors, in addition to IS Fund V, highlighting the long-term attractiveness of this platform.