Home / Business and Economy / Equatorial Buys 30% Stake in Copasa Privatization
Equatorial Buys 30% Stake in Copasa Privatization
13 Jun
Summary
- Equatorial Energia SA will acquire a 30% stake in Copasa.
- This acquisition is part of Copasa's privatization process.
- The price per share is set at 49.03 reais.
Equatorial Energia SA is acquiring a 30% stake in Copasa, a Brazilian water and sewage utility. This significant transaction is part of the utility's privatization process. The agreement was reached based on information provided by individuals familiar with the situation.
The share price for this acquisition has been set at 49.03 reais. This price point is consistent with the amount Equatorial previously paid for its initial investment in the utility. The deal represents a key development in Copasa's privatization efforts.
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