109 articles about "Sabesp"
The GWI Global Water Index had a bad month as a number of big utility stocks saw their prices marked down. Severn Trent and Acea provided the exceptions but subsequent events cast a shadow over both.
The Global Water Awards recognise what senior executives across the international water industry acknowledge as the most important achievements of 2012.
The recent divergence in the share prices of Sabesp and American Water underlines the different regulatory environments in which they operate.
The apparent hostility of the regulatory environment in the Brazilian state of São Paulo is driving investors away from the stock. How much worse can the news get?
Brazilian concessionaire Sabesp is reeling from the decision by São Paulo regulator ARSESP to award it a razor-thin 2.35% tariff rise, whilst demanding that the company cut BRL600 million ($300 million) from its annual opex bill. Despite the fact that the company has appealed against the decision, investors have been leaving the stock in droves.
S.566, the “Water Infrastructure Now Public-Private Partnership Act”, or “WIN P3 Act”, was introduced by Sen. Richard Durbin (D-IL) on 14 March, and has been referred to a congressional committee.
Blue I Water Technologies has taken on a new $3 million investment from Effi Capital
It has taken five years for the GWI Global Water Index to return above its base value. The MSCI World Index, meanwhile, has lost 11% of its value over the same timeframe.
Brazil was the place to be in terms of listed water equity holdings last year. Regulatory developments could soon bring Sabesp’s bull run to an abrupt end.
Most of the dedicated water funds enjoyed a resounding turnaround in fortunes last year. A mixed outlook for some of the large-cap stocks could lead to a reassessment of investment strategies in 2013.