Latin America’s Biggest Water Utility Gears Up for Privatization
- Brazil’s Sabesp is cutting costs, trying to reduce delinquency
- CEO sees window for equity offering between May and August
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Latin America’s largest water utility is getting ready for a public share sale next year that would see Sao Paulo’s state government give up control, according to the company’s chief executive officer.
Cia. de Saneamento Basico do Estado de Sao Paulo, known as Sabesp, has a “potential window” for the equity offering starting in mid-May, after Sabesp publishes its first-quarter financial results, and running until mid-August, Andre Salcedo said in an interview.