Companhia De Saneamento (SBS) has released an update.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP has announced the implementation of a new concession agreement and tariff structure following its recent privatization, resulting in a 1% reduction in residential tariffs, a 10% cut for social and vulnerable tariffs, and a 0.5% decrease in other tariffs. Additionally, the company has updated its bylaws and introduced new policies on related party transactions, duties, responsibilities, and dividend distribution as approved by its Board of Directors.
For further insights into SBS stock, check out TipRanks’ Stock Analysis page.
