July 14, 2021
The Rio Grande do Sul state government has sent a bill to the state legislature to privatize water company Corsan through an initial public offering (IPO), according to a securities filing.
The administration of Gov. Eduardo Leite also proposed legislation to create a basic sanitation unit to oversee water and sewage services in the state. The bills require support from 28 of 55 representatives to pass the state Legislative Assembly, according to Corsan.
Under the state's guidelines, Corsan outl
State government plans to offload its controlling stake in the water company through an IPO