Gaucho government holds auction at B3 to sell Corsan shares

The Aegea consortium, represented by the Necton Investimentos brokerage, was the winner of the auction for the sale of shares in Companhia Riograndense de Saneamento (Corsan), with a proposal of R$ 4.1 billion, the minimum bid allowed for the event. The auction was held this Tuesday (20) in a single lot, which included 630,050,221 shares owned by the state, by the Secretariat for the Environment and Infrastructure (Sema) of Rio Grande do Sul, at the headquarters of B3, in the capital of São Paulo . Headquartered in Porto Alegre, Corsan was a publicly traded mixed economy company, with share control exercised by the state of Rio Grande do Sul. The company operates in 317 municipalities by carrying out studies, projects, constructions, operations, exploitation and expansion of public services for the supply of drinking water and sanitary sewage. According to the governor of Rio Grande do Sul, Ranolfo Vieira Júnior, the decision to privatize was due to the legal framework for sanitation and the need for universalization in the next 10 years. “In July of this year, we changed the initial model, leaving behind the share offering and opting for the full sale, which is taking place at this moment. The process will mean qualifying services for more than 6 million people in 317 municipalities in Rio Grande do Sul. It will also be a vector of economic development and, consequently, of social development”, said the governor.

Agência Brasil