Aegea, Equatorial Submit 2 Bids for Copasa Privatization in Minas Gerais
Updated
Updated · Bloomberg · May 25
Aegea, Equatorial Submit 2 Bids for Copasa Privatization in Minas Gerais
2 articles · Updated · Bloomberg · May 25
Two groups filed bids to become the strategic investor in Copasa, moving Minas Gerais closer to privatizing one of Brazil’s largest water and sewage utilities.
One bid comes from a consortium known as Livorno, formed by Itausa, Singapore sovereign wealth fund GIC, Equipav Saneamento and Aegea Saneamentos, according to people familiar with the matter.
Aegea took a smaller stake in that group to avoid adding to its debt load, Bloomberg had reported earlier.
Itausa and Aegea confirmed they are participating in the bidding, while the rival submission was identified as coming from Equatorial.
As foreign funds bid for a Brazilian water utility, will citizens face higher bills for this essential service?
Beyond the R$13 billion sale, what is the real long-term price of privatizing a public water system?
Can the winning bidder deliver universal water access by 2033 without being swamped by its own debt?