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CVM Intervention Postpones Sabesp-EMAE Incorporation Vote; SBSP3 Shares Drop on M&A Uncertainty

Brazil's CVM delayed the EMAE EGM for 30 days, demanding new data to justify the share exchange ratio in the Sabesp takeover.

By Marcus Wright

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CVM Intervention Postpones Sabesp-EMAE Incorporation Vote; SBSP3 Shares Drop on M&A Uncertainty
Source: Senado Federal / Wikimedia Commons (CC BY 2.0)

Brazil's CVM delayed the EMAE EGM for 30 days, demanding new data to justify the share exchange ratio in the Sabesp takeover.

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