Business · Companies · 1 hr ago
Sabesp completes share deal with Emae, increasing capital by R$125 million
Sabesp completed its incorporation of Emae’s shares, bringing the energy company’s shares into the sanitation company.
Sabesp and Emae announced that the transaction had been completed.
Former Emae shareholders received Sabesp shares in exchange for their holdings.
For each Emae ordinary or preferred share, they received 1.3195 ordinary Sabesp shares.
Sabesp’s capital increased by R$125 million as a result of the deal.
The announcement did not state what further steps would follow.
Sabesp completed the incorporation of energy company Emae’s shares into the sanitation company.
The deal increased Sabesp’s capital by R$125 million.
Former Emae shareholders received Sabesp ordinary shares under the exchange terms.
Each Emae ordinary or preferred share was exchanged for 1.3195 Sabesp share.
- Who
- Sabesp and Emae.
- What
- Sabesp completed the incorporation of Emae shares, increasing its capital by R$125 million.
- When
- Not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Capital increase
- R$125 million
- Exchange ratio
- 1.3195 Sabesp share for each Emae share
- Share classes
- Emae ordinary or preferred shares exchanged for Sabesp ordinary shares