CAB picks up two new passengers
- From: Vol 12, Issue 10 (October 2011)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: CAB Ambiental, Copasa, Sabesp and Sanepar
The Brazilian water concessionaire is poised to take on new shareholders ahead of a possible IPO revival. Alexandre Spatuzza reports from São Paulo.
Brazilian water and sanitation company CAB Ambiental expects to conclude negotiations in November with BNDESPar, which will see the equity arm of Brazil’s national development bank take a 25% to 35% stake in the company.
The deal is expected to be worth BRL120-140 million ($76.7-89.5 million), and values CAB Ambiental at around BRL433 million ($244.6 million ...
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