SÃO PAULO, Sept. 29, 2021
/PRNewswire/ -- Companhia de Saneamento Básico do Estado de São
Paulo – Sabesp ("Company" or "Sabesp"), pursuant to the provisions
CVM Instruction nº 44, of August 23,
2021, hereby informs its shareholders and the market in
general that, on a meeting held at this date by the State
Privatization Program's Board (Conselho Diretor do Programa
Estadual de Desestatização – CDPED), established by State Law
nº 9,361, of July 5, 1996, in
view of the New Sanitation Regulatory Framework (Federal Law nº
14,026/2020), as well as State Law nº 17,383/2021, which defined
the Regional Basic Sanitation Units for the State of São Paulo,
unanimously resolved:
(i) to recommend the hiring,
by the Treasury and Planning Secretariat (Secretaria da Fazenda
e Planejamento do Estado de São Paulo), of the
International Finance Corporation – IFC, to provide
consulting services to the State, consisting in the identification
and analysis of possible alternatives for restructuring Sabesp's
share capital; and
(ii) at each relevant stage
of the work to be carried out by the IFC, the matter should return
to CDPED for evaluation and continuation.
Sabesp will keep the market informed of any developments related
to the subject matter of this Material Fact.
IR Contacts:
Mario Arruda
Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
View original
content:https://www.prnewswire.com/news-releases/sabesp--material-fact-hiring-ifc-to-provide-consulting-services-to-the-state---analysis-of-alternatives-for-restructuring-sabesps-share-capital-301388377.html
SOURCE Sabesp