Equatorial Wins Control of Brazil Water Utility Copasa as Rival Quits

Brazil · Business Key Facts —The deal: Energy and sanitation group Equatorial won a 30% reference stake in Copasa, the state water utility of Minas Gerais. —The price: R$49.03 a share, above the R$47.23 floor, for about R$5.5bn ($1.09bn); it could rise to R$7.9bn ($1.57bn) with add-ons. —The twist: The rival Aegea consortium, including Itaúsa […] The post Equatorial Wins Control of Brazil Water Utility Copasa as Rival Quits appeared first on The Rio Times .