Embasa sale set for November
- From: Vol 2, Issue 8 (August 2001)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Aguas de Portugal, AWG, Deloitte & Touche, Electricidade de Portugal, Iberdrola, Ondeo, Thames Water and Veolia Environnement (formerly Vivendi Environnement)
The Bahia state water company, Embasa, is to be sold at auction in November. The sale date is one month later than previously announced but looks more likely to go ahead on the new schedule. A prospectus will be published in September.
A data-room, containing all available information on the company, is to open at the Banco de Desenvolvimento do Estado (Desenbanco) in the Iguatemi business district in state capital Salvador by 16 August.
Promoters of the sale including representatives of Embasa, the Bahia state government, Brazilian development bank BNDES, which is in charge of the privatisation process, and SaneBahia, the consortium ...
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