Iguá Saneamento announces signing of an agreement for the sale of assets to Norte Saneamento
Iguá Saneamento, controlled by IG4 Capital, announced today (06/30) the signing of an agreement for the sale of 11 small and medium-sized concessions to Norte Saneamento for R$466 million. This transaction reflects Iguá’s strategic direction of focusing efforts on large operations, with greater capacity to generate scale and value, strengthening its position in the market and boosting its growth.
The negotiation involves operations located in Andradina, Castilho, Palestine and Piquete, in São Paulo; Alta Floresta, Canarana, Colíder, Comodoro and Pontes e Lacerda, in Mato Grosso; and Itapoá and Tubarão in Santa Catarina. The transaction is subject to approval by CADE and other regulatory bodies.
The resources will be used to strengthen the company’s cash position, reducing net debt and providing additional resources for new investments.
Iguá maintains its commitment to sustainable, efficient and profitable growth, and will continue to explore quality financing opportunities in the market to support its expansion plans.
About Iguá Saneamento
A company controlled by IG4 Capital, Iguá manages and operates water supply and sewage systems through concessions and public-private partnerships. A signatory to Rede Brasil of the Global Compact (an initiative of the United Nations), the company assumed the Brazilian business commitment to biodiversity, from CEBDS in partnership with wbcsd. It received the certification of the first green bond in Latin America for water infrastructure by the Climate Bonds Initiative (CBI). For its sustainable water management, in 2022, it was one of the recipients of the IWA Climate Smart Utility Recognition program and, in the same year, it earned points that earned it entry into the GRESB (Global Real Estate Sustainability Benchmark) ranking. It was also present as 1st place in the sanitation, waste management and infrastructure category, according to the TOP Open Corps 2022. Also this year, eight of the group’s concessionaires were recognized with the National Quality Award in Sanitation (PNQS). It was elected, in 2022, for the sixth consecutive year, a great company to work for by the Great Place to Work (GPTW) consultancy. www.igua.com.br