Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Brookfield's BRK wins $354 million sanitation auction in Brazil's Maceio

share with twitter share with LinkedIn share with facebook
09/30/2020 | 12:42pm EDT

Brazilian sanitation company BRK Ambiental, controlled by Canada's Brookfield Asset Management Inc, on Wednesday won an auction to run water and sewage services in the northeastern city of Maceio with a 2 billion reais ($354 million) bid.

While 89% of Maceio's 1.5 million inhabitants have access to water services, only 27% of residents have sewage services. BRK must increase their reach, according to the concession rules.

This auction is the first public-private partnership reached after Brazil approved new rules for the sanitation sector in July. The contract is for 35 years.

Sergio Garrido de Barros, BRK's chief financial officer, told journalists that the company plans to participate in new sanitation auctions.

Brookfield holds a 70% stake in BRK, while Brazil's workers' severance fund FI-FGTS has the remaining part.

($1 = 5.65 reais)

By Alberto Alerigi


share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
05:34pJ&J, AstraZeneca resuming trials of vaccines
RE
04:33pEXCLUSIVE : Macron lays ground for netting Brexit compromise on fisheries
RE
04:30pNATIONAL BANK OF MOLDOVA : Graphical analysis of money transfers from abroad in favour of individuals, September 2020
PU
03:00pAryzta says talks with Elliott Advisors ended without binding offer
RE
02:22pU.S. CDC reports 223,393 total deaths from coronavirus
RE
01:55pItaly plans further curbs as coronavirus cases hit new record
RE
01:10pG20 OF TWENTY FINANCE MINISTERS AND CENTRA : Empower Alliance meeting - Statement
PU
12:20pItaly reports new daily coronavirus total, further curbs likely
RE
12:20pItaly reports new record of 19,644 new coronavirus cases on saturday - health ministry
RE
10:27aDubai announces $136 million extra stimulus package
RE
Latest news "Economy & Forex"