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The latest update is out from Companhia De Saneamento ( (SBS) ).
On January 6, 2025, SABESP’s Board of Directors approved the conditions for the 33rd issue of simple, non-convertible, unsecured debentures aimed at professional investors. This public offering, valued at R$3.7 billion, will be distributed in three series with the objective of securing capital in compliance with Brazilian Securities Commission regulations. This strategic financial move is expected to enhance SABESP’s operational capabilities and solidify its market position, benefiting stakeholders through improved financial structuring.
More about Companhia De Saneamento
Companhia de Saneamento Básico do Estado de São Paulo – SABESP is a publicly-held company operating in the basic sanitation industry, primarily focusing on water supply and sewage services in the State of São Paulo, Brazil.
YTD Price Performance: 16.60%
Average Trading Volume: 830,588
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.52B
For a thorough assessment of SBS stock, go to TipRanks’ Stock Analysis page.
