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Sao Paulo Governor Expects Sabesp Sale in H1 Next Year

BRAZIL
  • According to Sao Paulo state governor, water and waste management company Sabesp should be privatized in 1H24. The Governor has been holding individual conversations with municipalities to present a model for the corporate action.
  • Interestingly, Santander mentioned in an event with clients yesterday that they foresee BRL60 billion in share offerings in Brazil still in 2023 and IPOs picking up in 1H24. According to the bank, their revenues coming from ECM and M&A in Brazil for the year 2023 has already surpassed the total received in 2022.

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