Sabesp requested CVM authorization to make a unified public offer to buy all EMAE ordinary shares it does not yet own. The company already controls 79.31% of EMAE and wants to incorporate the company as a wholly-owned subsidiary.
EMAE was privatized in 2024, purchased by a vehicle controlled by businessman Nelson Tanure for R$ 1 billion, but later came under Sabesp's control following financial problems related to debenture payments. Sabesp currently holds a 79.31% stake in EMAE and seeks to acquire all remaining shares to convert the company into a wholly-owned subsidiary, simplifying the corporate structure.
Sabesp proposed to buy the remaining EMAE shares for R$ 61.83 per share
Sabesp requested CVM authorization to unify two types of public offers
The price corresponds to 100% of the amount paid by Sabesp in acquiring control of EMAE
Sabesp announced it will study the feasibility of incorporating EMAE shares
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (1)
Sabesp had previously proposed R$ 49.46 per share for the control transfer offer
Conflicting versions (1)
Date of Sabesp's acquisition of EMAE control
No gaps declared — all sources converge on the material facts.