AquaVenture Holdings Limited has announced that it has entered into a binding agreement with Abengoa Water, S.L.U. to purchase a majority interest in the project. Completion of the purchase, which is expected to occur by the end of the second quarter of 2018, is subject to the satisfaction of certain conditions precedent. AquaVenture Holdings has also offered to purchase the remaining 44% economic interest in the project on the same principal terms and is in active negotiations with Sojitz Corporation