São Paulo state starts up EMAE sale

São Paulo state starts up EMAE sale

Corporate & Sovereign Strategy Economy & Policy Equity M&A Energy Electricity Brazil Latin America

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial