The Minas Gerais Court of Accounts authorized on Thursday (16th) the preparatory stages for Copasa's privatization. However, the court prohibited definitive acts such as offering shares to the market until the final analysis of the process.
Copasa is a sanitation company with 50.03% of its capital controlled by the state of Minas Gerais. The company's privatization process began taking shape in the second half of 2025 and was authorized by law signed by then-governor Romeu Zema in December.
TCE-MG unanimously authorized on Thursday (16/04) the preparatory stages for Copasa's privatization
The court prohibited definitive acts such as opening share offerings to the market and alienation of controlling interest
The decision allows studies, audits, document preparation, CVM registration and B3 submission
Rapporteur councilor Agostinho Patrus determined that government and Copasa must communicate any relevant progress within 48 hours
Governor Romeu Zema signed in December 2025 the law authorizing Copasa's privatization
The state will maintain the golden share (share with veto power over strategic decisions)
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (3)
The Legislative Assembly approved the project on December 17 with 53 votes to 19
The state plans to sell about 30% of the state stake to a strategic partner and 15% to the market
Copasa approved an investment plan of R$ 3.1 billion
No gaps declared — all sources converge on the material facts.