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Global Banks To Acquire Substantial Stake in Sabesp, Latin America’s largest water utility

Sabesp, the foremost water utility in Latin America, has taken a step towards potential privatization by selecting a group of renowned global banks to oversee a significant share offering.

A top view of the Citigroup and other global banks' buildings at Canary Wharf business, financial and shopping district of London. Photo: Getty Images
A top view of the Citigroup and other global banks’ buildings at Canary Wharf business, financial and shopping district of London. Photo: Getty Images

Banco BTG Pactual SA, UBS BB Investment Bank, Bank of America Corp., and Citigroup Inc. have been appointed as global coordinators for the anticipated transaction.

Cia. de Saneamento Basico do Estado de Sao Paulo, the official name of the company, has identified a potential window for the share offering, likely to take place between mid-May, following the publication of its first-quarter results, and mid-August.

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