Rio Grande do Sul schedules Corsan auction

Rio Grande do Sul schedules Corsan auction

Corporate & Sovereign Strategy Economy & Policy Equity M&A Brazil Capital Markets

The Rio Grande do Sul state government in Brazil said it has scheduled an auction for water company Corsan on December 20 and set the minimum asking price at BRL4.1 billion ($777 million). Interested bidders can deliver opening offers on December 15, the state government said in a press release on Monday. The timing is tight but realistic, according to Gesner Oliveira, former CEO of São Paulo state water company Sabesp who is now a consultant at GO Associados. "This may set a precedent for other

Already have an account?

Free trial

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

Free Trial