182 articles in Brazil
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?
A steep decline in the market capitalisation of listed Brazilian water stocks contributed to a lacklustre performance for the GWI Water Index last month. Signs of a recovery in the US municipal market were scant compensation.
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.
For the initiative undertaken by a water utility which represents the most significant commitment to improving the long-term performance of water services to the public.
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.
Investors are still puzzling over what the São Paulo state regulator meant by recommending a 1.94% tariff rise for Sabesp, the city’s water and sewerage utility, last month.
The purchase of Brazil’s leading consultant engineer in the water field will diversify the company’s footprint in the country. It is the group’s second deal in the country in the past 18 months.
Wastewater finally made it onto the global agenda at the recent Earth Summit. AquaFed’s Jack Moss reports from Rio de Janeiro.