- Illinois American Water, a unit of U.S. utility American Water Works ( NYSE: AWK ), on Thursday said it would acquire the water and wastewater systems of Villa Grove city in Illinois for $11M.
- The newly acquired systems will add about 1.5K water and 1.1K wastewater customers to the company's eastern Illinois service area, the AWK unit said in a statement .
- Illinois American said it plans to invest around $21M over seven years to upgrade the city's water and wastewater systems.
- AWK stock earlier closed -1.1% at $142.79.
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American Water unit buys city of Villa Grove's water & wastewater systems for $11M