Copasa share sale seen by March 2008
- From: Vol 8, Issue 10 (October 2007)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Banco Itau, Copasa and Sabesp
Key local shareholders in the Brazilian state of Minas Gerais want to take advantage of Copasa’s rising share price to boost their coffers. Rumours of a similar move at Sabesp seem to be unfounded.
The sale of up to 18% of the shares of Minas Gerais state water company Copasa is likely to take place by the end of March 2008, according to Sergio Tomashiro, an analyst at Banco Itau.
According to Tomashiro, the sell-off implies no change in the company’s running, but will be “good for the shares by bringing greater liquidity ...
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