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    Home»Economy»Sabesp (SBSP3) creditors authorize a change in control of the company
    Economy

    Sabesp (SBSP3) creditors authorize a change in control of the company

    Charlotte WhitmoreBy Charlotte WhitmoreJune 19, 2024No Comments2 Mins Read
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    Sabesp (SBSP3) creditors authorize a change in control of the company
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    Sabesp (SBSP3) announces the payment of approximately R$1 billion in the JCP

    Sabesp (SBSP3) announces the payment of approximately R$1 billion in the JCP

    Photo: Sono

    Creditors Sabisa SBSP3 has been granted permission to change control of the company, the company's president, Andre Salcedo, told Valor Econômico. This is one of the necessary steps towards privatization.

    The creditors in question represent 22 billion Brazilian reais He will get into debtWhich includes bonds and loans with national banks and multilateral organizations.

    According to Sabesp's CEO, only a “minor” portion of the creditors, who hold R$50 million, have been prepaid, “for the benefit of the operation as a whole.”

    In case Sabsa bondholderswhich represents R$10 billion of the company's debt. In March, the negotiation rate was fixed at 0.10%.

    Sabesp (SBSP3): The newspaper says Tanur may intervene in the privatization dispute

    Businessman Nelson Tanori is considering entering the competitive process of Sabesp (SBSP3), according to information from the newspaper Valor Econômico.

    In this scenario, Tanor will enter the race to be Reference shareholder of Sabespcompeting as giants in the same sector as Aegean and Equatorial (EQTL3).

    The deadline for expressions of interest in the process ended on Monday (17).

    An anonymous source familiar with the matter told the car that Tanor is seeking a collaboration with Emae, a company he bought at auction in 2024.

    How to buy a SIM card from SBSP3 It will cost a large sum. Tanori will work to reach an agreement with the investment arm of the National Bank for Economic and Social Development (BNDES), BNDESPar.

    However, the bank says that it “has not entered into, nor is it in the process of negotiating, any agreement, agreement or partnership with third parties to participate in the public offering” of SABB.

    The São Paulo government said that “the public offering takes place in a silent period” and that “all disclosures during this period will be made through the company prospectus and relevant facts.”

    Within the scope of a bid, one of the factors that can hinder bids, in this sense, is the poison pill – a mechanism that prevents a partner from becoming the majority.

    As a result, funds and other partners in the financial sector – such as Itaúsa (ITSA4) – are experiencing difficulties in participating in the offering. Sabisa And get a share.

    Charlotte Whitmore

    Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.

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