Brazil's Aegea, Equatorial interested in Sabesp's privatization deal, sources say

Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP

21/06/2024 18:20

RIO DE JANEIRO, June 21 (Reuters) - Sanitation company
Aegea and Equatorial Energia are among the investors interested
in the share offering that will privatize Sao Paulo state water
utility company Sabesp  SBSP3.SA , according to three sources
with knowledge of the matter on Friday.
    Brazilian businessman Nelson Tanure has also considered the
possibility of bidding, according to the sources, although he is
not expected to compete for a stake in the firm. 
    Aegea and representatives of Tanure did not comment. Power
firm Equatorial said it will not comment over specific
possibilities of deal or acquisitions. 
    On Thursday, the Sao Paulo government gave its final
approval on the privatization, which will be carried out through
an unusual two-part share offer.
    According to the sources, the offer prospectus will be
released on Friday and the roadshow to publicize the operation
will begin next week. 
    Sabesp is looking for a reference shareholder who would hold
a 15% stake. The State of Sao Paulo, which owns 50.3% of the
company, intends to keep a minority stake after the offer.
    

 (Reporting by Rodrigo Viga Gaier; Writing by Peter Frontini;
Editing by Louise Heavens)
 ((Peter.Siqueira@thomsonreuters.com;))