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Companhia de Saneamento Basico do Estado de Sao Paulo Message Board

  • flatlander_60048 flatlander_60048 Sep 5, 2013 12:42 PM Flag

    Why - RATE INCREASE

    See Bloomberg - Yahoo will not let me post link or cut and paste portions of the article.

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    • Thanks...
      Sabesp Rallies on Report Rate Increase Granted: Sao Paulo Mover
      By Denyse Godoy - Sep 5, 2013 8:38 AM PT

      Cia. de Saneamento Basico do Estado de Sao Paulo, Brazil’s biggest water distributor, rallied the most in nine months after the government of the state of Sao Paulo said that a rate increase for the company is guaranteed.

      Shares of Sabesp, as Cia. de Saneamento is known, rose 8.6 percent to 21.34 reais at 12:09 p.m. in Sao Paulo, the steepest intraday advance since Nov. 23. It was the best performer on the benchmark Ibovespa, which slid 0.2 percent.

      The water utility will be authorized to increase the rates it charges customers in line with inflation, O Estado de S. Paulo’s news agency reported yesterday after the market closed citing an interview with Sao Paulo state’s energy secretary Jose Anibal. Members of the state utility regulator that does the rate reviews, called Arsesp, are appointed by the government...

    • Thank you VERY MUCH. . . for the information. . . have a nice day. . .

      Sentiment: Hold

 
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