RIO DE JANEIRO, BRAZIL - The final model for the privatization of Companhia Riograndense de Saneamento (CORSAN) should be ready this month. The plan is to hold an initial public offering (IPO) that will result in loss of the state's controlling share interest.
Some definitions are still lacking, such as what the government's share will be at the end of the operation, explains its president Roberto Barbuti. However, the plan is to submit the bill in the coming weeks.
Should the operation be successful, CORSAN will be the first public sanitation company to be privatized in Brazil. Currently, three . . .