August 29, 2016 3:03 PM ET

Water Utilities

Company Overview of Companhia Estadual de Águas e Esgotos - CEDAE

Company Overview

Companhia Estadual de Águas e Esgotos - CEDAE is engaged in the operation and maintenance of water collection, treatment, adduction, and distribution networks. It is also engaged in the collection, transportation, treatment, and disposal of sewage generated from insured municipalities in the state of Rio de Janeiro. The company was founded in 1975 and is headquartered in Rio de Janeiro, Brazil.

Avenida Presidente Vargas, N 2655

EDIF

Cidade Nova

Rio de Janeiro, RJ 20210-030

Brazil

Founded in 1975

Phone:

55 80 0282 1195

Key Executives for Companhia Estadual de Águas e Esgotos - CEDAE

Vice President of the Board of Directors and Chief Executive Officer
Chief Strategic Projects Officer
Chief Inland Distribution and Commercialization Officer
Chief Metropolitan Distribution and Commercialization Officer
Chief Engineering Officer
Compensation as of Fiscal Year 2016.

Companhia Estadual de Águas e Esgotos - CEDAE Key Developments

BNDES Blocks The Privatization Of CEDAE

BNDES Participações S/A - BNDESPAR has recently presented a proposal to block the privatization of the Companhia Estadual de Águas e Esgotos – CEDAE. The proposal will be analysed by the state of Rio de Janeiro.

Brazil Reportedly to Privatize CEDAE

The state government of Brazil's Rio de Janeiro reportedly is in talks to privatize Companhia Estadual de Águas e Esgotos - CEDAE. The state Governmnet has reportedly asked national development bank BNDES to help prepare a concession model to privatize state water utility Cedae. Moreira Franco, the Brazilian investment secretary reported interim state governor Francisco Dornelles is discussing a plan with BNDES president Maria Silva Bastos which involves dividing the utility into four separate companies.

CEDAE And Ceming Not Being Privatized

The state government of Rio de Janeiro, Brazil is not privatizing Companhia Estadual de Águas e Esgotos - CEDAE. The government has refused claims that it is planning to privatize CADAE. Sources close to the matter claim that the privatization of CEDAE is no longer advantageous since the company started to generate profits in 2011. Minas Gerais state has also denied plans to privatize Companhia Energética de Minas Gerais S.A. (BOVESPA:CMIG4) as a way to guarantee federal aid.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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