Brazilians slip, despite sound fundamentals
- From: Vol 10, Issue 1 (January 2009)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Copasa, Sabesp and Sanepar
The shares of the listed Brazilian water companies fell in line with the market last year. Access to capital will prove a key driver for future investment flows.
Over the last twelve months, the share prices of the three listed Brazilian water companies fell broadly in line with the Ibovespa index, which lost 41.2% in 2008. Sabesp, Latin America’s largest water company, posted a 32.3% loss on the São Paulo stock market, though its NYSE-listed shares plummeted by more than 50% – hastened by the ...
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