Companhia De Saneamento (SBS) has released an update.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP has entered into an investment agreement with the São Paulo State Government and a Reference Investor, detailing the privatization terms and corporate governance rights post-offering. The agreement includes a lock-up period until the end of 2029 for the investor’s stake and outlines the strategic partnership aimed at the universalization of water supply and sewage services. This move is a significant step in the company’s privatization process, initiated by State Law and the subsequent Approval Order of the Privatization Model by the São Paulo State Governor.
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