In Brief: Goias utility Saneago calls general meeting to assess IPO
The board of Brazil's Goiás state water utility Saneago has called a general meeting of shareholders to evaluate a plan to hold an IPO.
The assembly is due to take place on February 23.
Saneago previously said it was planning to sell shares to raise proceeds to finance its investments.
The company posted a net profit of 42.5mn reais (US$13mn) in the third quarter of 2017, the most recent figure available, down from 109mn reais in 3Q16.
The drop in the company's earnings came as expenses grew faster than revenues.
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News in: Water & Waste (Brazil)
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Brazilian Cetrel is responsible for water supply, effluents treatment and industrial waste disposal for the Camaçari Industrial Park, in the state of Bahia. The company also mon...
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General Water is a private Brazilian company aimed at the supply, treatment and reuse of water resources. General Water is specialized in the development, operation and maintena...
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Sistema Productor São Lourenço S.A. is a Brazilian special purpose company formed in 2013 by construction firms Construções e Comércio Camargo Corrêa and Andrade Gutierrez to de...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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Companhia de Água e Esgoto do Ceará (Cagece) is an open-capital water company controlled by the State of Ceará, responsible for providing water supply, wastewater collection and...