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Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (SBSP3.SA)

SBSP3.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SABESP Reports Qtrly Net Operating Revenue R$3.7 Bln
Thursday, 10 May 2018 11:52pm EDT 

May 10 (Reuters) - Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP ::COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO - SABESP- QTRLY NET OPERATING REVENUE TOTALED R$ 3,699.6 MILLION, UP 4% IN THE SAME PERIOD LAST YEAR.COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO - SABESP- QTRLY NET INCOME OF R$ 580.4 MILLION, COMPARED TO A NET INCOME OF R$ 674.4 MILLION IN 1Q17.  Full Article

Sabesp announces corporate reorganization
Sunday, 11 Mar 2018 11:41pm EDT 

March 12 (Reuters) - Sabesp ::MATERIAL FACT: CORPORATE REORGANIZATION OF SABESP.SÃO PAULO STATE GOVERNMENT RECEIVED FROM GROUP OF INVESTORS LETTER AIMING POTENTIAL ACQUISITION OF PART OF SHARES, HELD BY GESP.‍TRANSACTION STRUCTURED EXCLUSIVELY AT HOLDCO LEVEL AND WILL NOT AFFECT CORPORATE CONTROL OF SABESP, WHICH WILL REMAIN HELD BY GESP CONSISTENTLY​.LETTER WILL BE ASSESSED BY STATE PRIVATIZATION PROGRAM'S BOARD WHICH HAS AUTHORITY TO DECIDE FOR CONTINUITY AND CONDITIONS.IDENTITY OF INVESTORS AND CONTENT OF LETTER WILL BE KEPT UNDER SECRECY.  Full Article

Sabesp to issue simple debentures worth 500 mln reais
Tuesday, 16 May 2017 08:41am EDT 

May 16 (Reuters) - COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP ::REPORTED ON MONDAY ITS BOARD APPROVED THE ISSUE OF SIMPLE DEBENTURES, NON CONVERTIBLE INTO SHARES, FOR TOTAL AMOUNT OF 500 MILLION REAIS.FUNDS FROM ISSUANCE TO BE ALLOCATED TO REFINANCING OF FINANCIAL COMMITMENTS IN 2017 AND TO THE COMPANY'S CASH RECOVERY.  Full Article

Sabesp gets approval to carry out studies for its capitalization
Tuesday, 16 May 2017 07:34am EDT 

May 16 (Reuters) - COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO - SABESP ::REPORTED ON MONDAY THAT THE DIRECTING COUNCIL OF THE STATE PRIVATISATION PROGRAM APPROVED IN A MEETING ON FRIDAY TO CARRY OUT STUDIES FOR THE CAPITALIZATION OF THE COMPANY, WHICH INCLUDE THE TRANSFER OF THE SHARES UNDER STATE OWNERSHIP TO A NEW HOLDING.THE GOAL OF THE CAPITALIZATION IS TO OVERCOME THE RESTRICTIONS THAT EXIST FOR INVESTMENTS THAT AIM TO PRESERVE THE EXPANSION OF BASIC SANITATION SERVICES PROMOTED BY THE COMPANY.  Full Article