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Reuters 1/2 A public worker cleans a street during heavy rains in the Jardim Botanico neighborhood in Rio de Janeiro, Brazil April 9, 2019. REUTERS/Lucas Landau Read More RIO DE JANEIRO, July 13 (Reuters) - Brazil s Rio de Janeiro state plans an auction in December for parts of its water and sanitation utility, known as Cedae, that failed to find a buyer during a previous bidding round in April, the governor said on Tuesday. In the April auction, Rio successfully privatized three of the four Cedae concessions it put up for sale, with the state raking in some 22.7 billion reais ($4.4 billion). In the new bidding round, the state will modify the unsold concession, which is less secure and more rural than the other blocks, Governor Claudio Castro told journalists. At least nine municipalities will be added to the concession, which originally included seven municipalities, in part or in whole. ....
Itaúsa Investimentos Itaú : Brazil's Rio state plans second sanitation privatization auction in December marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Union Demands CPPIB Ditch Brazil Water Privatization Involvement The acquisition and privatization of a Brazil public water firm are socially harmful and economically risky moves, says CUPE. Canada’s largest union is demanding that the $387.1 billion Canada Pension Plan Investment Board (CPPIB) abandon its investment in a private water and sewage treatment service provider in Brazil. The Canadian Union of Public Employees (CUPE) said CPPIB is taking part in a “risky” sell-off of public water and sewage infrastructure being led by controversial President Jair Bolsonaro. “The involvement of the CPPIB in support of Bolsonaro’s privatization program would serve to legitimize his disregard for the needs of the population,” the CUPE said in a letter earlier this month to CPPIB President and CEO John Graham. ....
UPDATE 2-Investors flock to Rio de Janeiro $4.2 bln water company sale Reuters 4/30/2021 (Adds Bolsonaro comments and background) Popular Searches By Alberto Alerigi and Aluisio Alves SAO PAULO, April 30 (Reuters) - The Brazilian state of Rio de Janeiro on Friday raised 22.7 billion reais ($4.18 billion) by selling the rights to manage its water and sewage utility Cedae in the biggest sanitization privatization in the country s history. Unlisted sanitation operator Aegea, whose investors include Singapore s GIC and local holding company Itausa, bid 15.4 billion reais for blocks 1 and 4 of Cedae, while rival Igua Saneamento, whose investors include Canadian pension fund CPPIB, paid 7.3 billion reais for block 2. ....