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Aqualia acquires Saur’s concessions in Colombia and consolidates its presence in the country Following this operation, subject to the approval of the Colombian authorities, the company has doubled the population served in Colombia to 900,000 inhabitants in six of the country’s departments, making it the second largest private operator in the country. water Aqualia has acquired 100% of the assets of the company Saur Colom- bia SAS, which brings together the French group’s concessions in the Latin American country. The opera- tion includes six concession compa- nies responsible for the production and distribution of drinking water and sewerage in eleven municipa- lities in three departments on the northern coast of Colombia, in con- cessions with an average duration of fifteen years. With this operation, Aqualia expands its portfolio of concessions for the management and operation of the complete water cycle in Colombia. The acquisition of 100% of Saur Colombia SAS includes six concession companies that manage the production and distribution of drinking water and sewerage Aqualia will provide services in eleven new municipalities in three departments on the northern coast of Colombia, under concessions with an average duration of fifteen years The company began its concession activity in the country in 2020, when it acquired the companies that pro- vided services in twelve municipali- ties in the departments of Córdoba. Subsequently, the company won the tender to provide service in the municipality of Villa del Rosario, de- partment of Norte de Santander. A portfolio of 440 million euros The six concession companies that Aqualia acquires in the operation are: Aguas de la Península (Mai- cao), Aguas de Albania, Aguas de Aracataca, Aquamag Fundación, Aquamag El Retén and Aguas del Sur del Atlántico. The operation, pending approval by the competi- tion authorities, represents a por- tfolio estimated at 440 million eu- ros. The concessions acquired have a team of 290 specialists to serve 425,000 people in cities such as Maicao, which with 155,000 inha- bitants is the second largest city in the department of La Guajira, or Fundación, a town of 93,000 inha- bitants located in the department of Magdalena. The northern coas- tal area of Colombia is one of the most dynamic in the country. Aqualia has thus doubled the po- pulation served in Colombia to 900,000 inhabitants in six depart- ments, making it the second largest private operator in the country, in line with its strategy of expansion and consolidation. B U S I N E S S B U S I N E S S 12