Edition:
United Kingdom

Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (SBSP3.SA)

SBSP3.SA on Sao Paulo Stock Exchange

34.26BRL
4:19pm BST
Change (% chg)

R$ 0.26 (+0.76%)
Prev Close
R$ 34.00
Open
R$ 33.72
Day's High
R$ 34.44
Day's Low
R$ 33.67
Volume
468,600
Avg. Vol
1,357,509
52-wk High
R$ 39.50
52-wk Low
R$ 25.61

Latest Key Developments (Source: Significant Developments)

Sabesp announces corporate reorganization
Monday, 12 Mar 2018 

March 12 (Reuters) - Sabesp ::MATERIAL FACT: CORPORATE REORGANIZATION OF SABESP.SÃO PAULO STATE GOVERNMENT RECEIVED FROM GROUP OF INVESTORS LETTER AIMING POTENTIAL ACQUISITION OF PART OF SHARES, HELD BY GESP.‍TRANSACTION STRUCTURED EXCLUSIVELY AT HOLDCO LEVEL AND WILL NOT AFFECT CORPORATE CONTROL OF SABESP, WHICH WILL REMAIN HELD BY GESP CONSISTENTLY​.LETTER WILL BE ASSESSED BY STATE PRIVATIZATION PROGRAM'S BOARD WHICH HAS AUTHORITY TO DECIDE FOR CONTINUITY AND CONDITIONS.IDENTITY OF INVESTORS AND CONTENT OF LETTER WILL BE KEPT UNDER SECRECY.  Full Article

Sabesp to issue simple debentures worth 500 mln reais
Tuesday, 16 May 2017 

May 16 (Reuters) - COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP ::REPORTED ON MONDAY ITS BOARD APPROVED THE ISSUE OF SIMPLE DEBENTURES, NON CONVERTIBLE INTO SHARES, FOR TOTAL AMOUNT OF 500 MILLION REAIS.FUNDS FROM ISSUANCE TO BE ALLOCATED TO REFINANCING OF FINANCIAL COMMITMENTS IN 2017 AND TO THE COMPANY'S CASH RECOVERY.  Full Article

Sabesp gets approval to carry out studies for its capitalization
Tuesday, 16 May 2017 

May 16 (Reuters) - COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO - SABESP ::REPORTED ON MONDAY THAT THE DIRECTING COUNCIL OF THE STATE PRIVATISATION PROGRAM APPROVED IN A MEETING ON FRIDAY TO CARRY OUT STUDIES FOR THE CAPITALIZATION OF THE COMPANY, WHICH INCLUDE THE TRANSFER OF THE SHARES UNDER STATE OWNERSHIP TO A NEW HOLDING.THE GOAL OF THE CAPITALIZATION IS TO OVERCOME THE RESTRICTIONS THAT EXIST FOR INVESTMENTS THAT AIM TO PRESERVE THE EXPANSION OF BASIC SANITATION SERVICES PROMOTED BY THE COMPANY.  Full Article

EMERGING MARKETS-LatAm stocks extend slide amid trade fears, tech rout

(Updates prices, adds details from Mexico) SAO PAULO, March 28 Latin American equities came under renewed pressure on Wednesday, as ongoing fears of a trade war, a technology sector rout on Wall Street and volatile North American Free Trade Agreement negotiations depressed investor sentiment. Early on Wednesday, China's Global Times newspaper, a mouthpiece for the ruling Communist Party, said in a sharply-worded article that China will soon announce a list of retaliatory tar