Mergers & Acquisitions ·
SABESP confirms no withdrawal requests as EMAE merger proceeds with 1.32 exchange ratio
SBSCompanhia de Saneamento Basico DO Estado de Sao Paulo-Sabesp
SABESP and EMAE confirm the end of the dissenting shareholder withdrawal right period for their proposed share merger, noting that zero requests were received and no cash reimbursements will be paid. The transaction is set to consummate on October 27, 2026, when EMAE shareholders will receive SABESP shares at an exchange ratio of 1.3195 common shares for each EMAE share held. Fractional shares resulting from the conversion will be sold on the spot market with proceeds distributed to former EMAE investors. Non-resident investors may face a 25% withholding tax on capital gains unless they provide acquisition cost documentation. SABESP operates as a basic sanitation utility providing water and sewage services in the state of Sao Paulo, Brazil.