Sabesp EMAE Merger Clears Final Shareholder Vote in Brazil
EMAE shareholders approved the Sabesp EMAE merger on 16 September 2026, fixing the share swap ratio and opening a payout window that shuts in October. The post Sabesp EMAE Merger Clears Final Shareholder Vote in Brazil appeared first on The Rio Times .
The merger between Sabesp and EMAE, a water utility and power company, cleared its final shareholder vote on September 16, 2026. EMAE's owners previously approved a share swap that Sabesp's shareholders backed on July 30. The deal merges a small reservoir and power company into Sabesp, the water utility of São Paulo state. The transaction has not yet been fully completed.
Shareholders who object have until October 19, 2026, to demand cash instead of shares. Each EMAE share converts into 1.3195 ordinary shares in Sabesp, with the same ratio applying to both ordinary and preferred shares. Holders who dissent may claim R$18.18 per share, based on shareholders' equity as of June 30, 2026, or R$16.09 if using equity as of December 31, 2025.
The share registrar will change hands, with BTG Pactual serving shareholders until September 30, 2026, and Itaú Corretora taking over on October 1. Sabesp, which produces and distributes water and treats sewage, and EMAE, which controls the Billings and Guarapiranga reservoirs and hydroelectric plants, now operate under a single listed company.
The merger aims to improve operational efficiency and reduce duplicated administrative costs, marking Sabesp's entry into the electricity sector.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
