Sabesp to sell 20% of ordinary shares
- From: Vol 2, Issue 8 (August 2001)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Sabesp
LATIN AMERICA’S largest state water and sewerage company, Brazil’s Sabesp, is to sell off around 20% of its ordinary shares, according to Sao Paulo state planning secretary Andre Franco Montoro Filho.
The state will continue to hold two-thirds of Sabesp ordinary shares and has no plans to relinquish control.
Information that Sabesp was contracting brokers to carry out the sale of the coveted shares was greeted favourably by the Sao Paulo Stock Exchange (Bovespa) on 20 July. Sabesp shares were up 8.5% on the news. The sale will take place ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
