Acquisition of Corsan by Aegea
Exclusive financial advisor to Consórcio Aegea
December 2022• On December 20th, 2022, Companhia Riograndense de Saneamento (“Corsan”) was auctioned at B3, São Paulo’s stock exchange. The Aegea Consortium was the winner of the dispute with an offer of R$ 4.15 billion
– The Aegea Consortium is led by Aegea with Perfin and Kinea Investimentos as co-investors
– The transaction involves the acquisition of 99.5% Corsan’s shares
– With the transaction, Aegea will promote the investments required to achieve the universalization of sanitation services targets by 2033 in all municipalities served by Corsan - targets established by the new regulatory framework of the sector
– This is the first privatization of a state-owned sanitation company in Brazil, and the goal is to ensure compliance with the new legal framework for basic sanitation in Brazil
• With the acquisition of Corsan, Aegea will operate in 489 municipalities in Brazil distributed in 13 states, providing water and wastewater services to more than 30 million people
– Aegea currently operates in the State of Rio Grande do Sul with a public-private partnership which provides wastewater services to more than 1.6 million people in 9 cities in the metropolitan region of Porto Alegre
• Founded in 2010, Aegea is the leading private operator in the water and wastewater treatment sector in Brazil
• Corsan operates in 317 municipalities in the State of Rio Grande do Sul, providing water and wastewater services to more than 6 million people