An affiliate of Aberdeen Standard Investments has agreed to buy the Carlsbad desalination plant in Southern California for more than $1 billion, according to people with knowledge of the matter.

A transaction could be announced as soon as this week, said one of the people, who asked not to be identified because the matter is private.

The Claude “Bud” Lewis Carlsbad Desalination Plant, named for a former mayor, is owned by Orion Water Partners LLC, the joint venture between Stonepeak Infrastructure Partners and Brookfield Infrastructure Partners affiliate Poseidon.

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