Equitiesbullish2 min read
Copasa ($CSMG3) Market Value Doubles to R$23B Amid Privatization Drive
Copasa's market value surged to R$23B, doubling since September, as privatization efforts advanced, driving a 108% increase in shares.
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Copasa's market value surged to R$23B, doubling since September, as privatization efforts advanced, driving a 108% increase in shares.
Equatorial ($EQTL3) offers R$5.5B for a 30% stake in Copasa ($CSMG3), emerging as the sole bidder in a privatization process reminiscent of Sabesp's ($SBSP3) sale.
Vinland Capital shifts to 'buy and trade', rotating its portfolio. Reduces Brazil equity exposure, favors defensive sectors and names like $EQTL3, $ALOS3, $MSFT.
Minas Gerais government reveals details of Copasa ($CSMG3) share offering, signaling the final phase of the state sanitation company's privatization process.