Sabesp - Material Fact: Contract with the Municipality of Mauá

Rhea-AI Summary

Sabesp announced the postponement of the signing of a contract for public services with the Municipality of Mauá, originally scheduled for June 15, 2020. This decision is in line with regulations to keep shareholders informed about significant developments. The contract was previously discussed in a Material Fact released on June 11, 2020. The company will continue to update the market as more information becomes available.

Positive

• None.

Negative

• Postponement of contract signing may delay potential public service improvements and revenue generation.

SÃO PAULO, June 15, 2020 /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 to the Material Fact disclosed on June 11, 2020, that the signatures of the Contract for the Provision of Public Services between the State of São Paulo, the Municipality of Mauá and Sabesp, and of the Term of Adjustment for the Payment and Receipt of the Debt between the Municipal Environmental Sanitation Service of Mauá, the Municipality of Mauá and Sabesp, that were scheduled to occur today, have been postponed.

The Company will keep the market informed about any developments on the matter that is the subject of this Material Fact.

IR Contacts:
Mario Arruda Sampaio – (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi – (55 11) 3388-8793 (abairoldi@sabesp.com.br)

 

 

View original content:http://www.prnewswire.com/news-releases/sabesp--material-fact-contract-with-the-municipality-of-maua-301077289.html

SOURCE Sabesp

FAQ

What contract was postponed by Sabesp on June 15, 2020?

The signing of a contract for public services with the Municipality of Mauá.

Why was the Sabesp contract signing postponed?

The signing was postponed to comply with regulations, and the company will provide updates on developments.

What is the stock symbol for Sabesp?

The stock symbol for Sabesp is SBS.

When was the initial announcement regarding the Mauá contract made?

The initial announcement was made on June 11, 2020.