Consolidated Water Settles With Mexico Regarding Playas De Rosarito, Baja California Desalination Project For ~$36.351M
Portfolio Pulse from Benzinga Newsdesk
Consolidated Water has settled with Mexico regarding the Playas De Rosarito, Baja California desalination project for approximately $36.351 million.
June 04, 2024 | 8:14 pm
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Consolidated Water (CWCO) has reached a settlement with Mexico for $36.351 million concerning the Playas De Rosarito desalination project. This settlement resolves ongoing legal issues and provides a significant cash inflow.
The settlement resolves legal uncertainties and provides a substantial cash inflow, which is likely to positively impact CWCO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100