December 23, 2020 |
The São Paulo state government has started the process to hire a consultant to advise on the sale of the state-run power company Emae Empresa Metropolitana de Águas e Energia (EMAE), according to notice published in the official gazette.
The Conselho Diretor do Programa Estadual de Desestatização (CDPED), the state government's privatization program, recommended that São Paulo begin the process to sell its stake in EMAE in September.
São Paulo's state finance department owns 39% of EMAE, while E
State government opens the call for consultants to structure a deal for the water and energy company