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Sabesp Closes R$682 Million Acquisition of Controlling Stake in EMAE

Story Highlights
  • On January 21, 2026, Sabesp bought a controlling stake in EMAE for R$682.64 million in cash.
  • Following the deal, Sabesp will launch a mandatory tender offer but keep EMAE listed and independent for now.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sabesp Closes R$682 Million Acquisition of Controlling Stake in EMAE

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An update from Companhia De Saneamento ( (SBS) ) is now available.

On January 21, 2026, Sabesp completed the acquisition of 11,009,550 common shares of Empresa Metropolitana de Águas e Energia (EMAE) from Vórtx Distribuidora de Títulos e Valores Mobiliários, representing about 74.9% of EMAE’s voting capital and 29.79% of its total capital, for R$62.00 per share in cash, totaling R$682.64 million, with no post-closing price adjustments. As a result of taking control of EMAE, Sabesp plans to file within 30 days for registration of a mandatory public tender offer to purchase the remaining common shares due to the change of control, while stating that it does not intend, for at least one year, to deregister EMAE as a publicly held company or pursue any corporate reorganization between the two companies at this time, signaling a phased approach to integrating this strategic energy and water-related asset into its portfolio.

The most recent analyst rating on (SBS) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Companhia De Saneamento stock, see the SBS Stock Forecast page.

Spark’s Take on SBS Stock

According to Spark, TipRanks’ AI Analyst, SBS is a Outperform.

The overall stock score is driven by strong financial performance and positive technical indicators. The company’s stable balance sheet and robust cash flow generation are significant strengths. While valuation is reasonable, the recent decline in revenue growth is a concern that needs addressing to sustain long-term growth.

To see Spark’s full report on SBS stock, click here.

More about Companhia De Saneamento

Companhia de Saneamento Básico do Estado de São Paulo – Sabesp is a publicly held Brazilian utility that provides basic sanitation services, primarily water supply and sewage treatment, in the state of São Paulo, operating as a major player in the regional infrastructure and public services market.

Average Trading Volume: 1,143,584

Technical Sentiment Signal: Buy

Current Market Cap: $17.03B

See more data about SBS stock on TipRanks’ Stock Analysis page.

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