30.08.2013 03:26:00
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SABESP announces agreement with the Municipality of Diadema
SAO PAULO, Aug. 29, 2013 /PRNewswire/ -- Pursuant to CVM Instruction 358 of January 3, 2002, Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP ("Company" - BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service providers in the world based on the number of customers, hereby announces that it has entered into an agreement with the Executive Power of the Municipality of Diadema to assume total control over the municipality's water and sewage services for a period of 30 years.
The main items of the agreement are:
The realisation of the transaction and the signature of the agreement depend on approval by the municipal legislature.
More details will be available in a conference call to be held shortly.
IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11) 3388-8793 (abairoldi@sabesp.com.br)
SOURCE SABESP
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