SÃO PAULO, July 31, 2019
/PRNewswire/ -- Companhia de Saneamento Básico do Estado de
São Paulo – Sabesp ("Company" or "Sabesp"), in compliance with the
provisions of Article 157, Paragraph 4 of Law 6,404/76 and the
provisions of CVM Instruction Nº 358/02, informs to its
shareholders and to the market in general, in continuity of the
Notices to the Market disclosed on March
20, May 7, and June 11, 2019, and to the Material Fact disclosed
on July 25, 2019, that was signed on
this date i) the Contract for the Provision of Public Services
between the State of São Paulo, the Municipality of Santo André and
Sabesp ("Contract") and ii) the Term of Adjustment for the Payment
and Receipt of the Debt between the Municipal Environmental
Sanitation Service of Santo André (Serviço Municipal de
Saneamento Ambiental de Santo André or "Semasa"), the
Municipality of Santo André and Sabesp ("Term of Adjustment").
The main purposes of the Term of Adjustment and of the Contract
are the transfer to Sabesp of the water supply and sewage services
in the Municipality ("Services"), for a period of 40 years, and the
suspension by Sabesp of the judicial collection of Semasa's debt,
with an undisputed face value of R$ 3.5
billion ("Debt") as of June, 2019.
Through the Term of Adjustment and by simultaneously signing the
Contract, Sabesp, the Municipality of Santo André and Semasa agreed
that the payment of the Debt will be made through the transfer of
the Services in the Municipality to Sabesp for 40 years. Through
this operation, the assets constituted by Semasa and connected to
the services are also transferred to Sabesp, which will directly
exploit the said services.
You can access the Material Fact at
www.sabesp.com.br/investidores/
IR Contacts:
Mario Arruda Sampaio: (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
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SOURCE Sabesp