Sanepar Shareholder Domino Loses Veto Right in New Holders PactHelder Marinho
Cia. de Saneamento do Parana, a water company controlled by the Brazilian state of Parana, said the state government and Domino Holdings SA, which holds 39.71 percent stake in the company, signed a new shareholders agreement yesterday.
The new agreement ends court disputes between Parana and Domino, allowing Sanepar to issue 781.1 million reais of shares, Sanepar said in a regulatory filing. It also provides full control of the company to Parana, removing veto rights that Domino had in the previous agreement.