Companhia De Saneamento (SBS) has released an update.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP has announced the offering and sale of 28,756,956 additional common shares under the U.S. Securities Act of 1933. This move, executed in accordance with an underwriting agreement, expands the company’s financial base with the shares being legally issued, fully paid, and non-assessable. The law firm Lefosse Advogados, serving as the company’s legal counsel, has verified the legal standing and compliance of the company in Brazil, affirming SABESP’s authority to conduct its business as described in the registration documents.
For further insights into SBS stock, check out TipRanks’ Stock Analysis page.
