Governo do Rio de Janeiro prepara privatização da Cedae

Rio de Janeiro Prepares for Cedae Privatization

Written by Paulo Nogueira

Published on 30/08/2019 at 01:00

Updated on 29/08/2019 at 19:56

Be the first to react!

The State Governor Announced Plans to Privatize the State Water and Sewage Company of Rio de Janeiro

A statement was released this Wednesday, August 28, offering part of the shares of the State Water and Sewage Company of Rio de Janeiro through an initial public offering (IPO) on the stock exchange. Discover the 9 State Companies that Will Be Privatized by the Government

The State Water and Sewage Company (Cedae) informs that the government of the State of Rio de Janeiro is expected to define the privatization model for the company in the coming months.

ARTICLE CONTINUES BELOW

See also

According to the latest available numbers, Cedae’s net profit increased by 197.5% in 2018, reaching R$ 832.4 million.

“In addition to the regulatory framework that is about to be voted on in the Chamber of Deputies, I received news from President Rodrigo Maia that the vote should take place now at the end of August or beginning of September for the regulatory framework. Rio de Janeiro will serve as a model for Brazil in terms of water and sewage privatization. In this new model, the sale price of Cedae will increase,” declared the governor.

Witzel expressed optimism about the sale price of Cedae. According to him, the funds would be sufficient to offset the state deficit, which is expected to be around R$ 11 billion for 2020.

The governor’s expectation is that the sale of the company will result in between R$ 7 and R$ 11 billion.

“By December, we should have a public update on the privatization process, and we are required to meet the timeline by September of next year. The privatization of Cedae is expected to result in between R$ 7 and R$ 11 billion, depending on the regulatory framework, including. In addition to the regulatory framework, which increases the sale price of Cedae, the modifications we made also contribute to this. We have managed to reduce high salary expenses and are reducing labor liabilities. We are preparing the company to achieve a higher market sale value. I am confident,” said Witzel.

50 thousand jobs will be created in Rio de Janeiro with the decommissioning of 21 platforms in the Campos Basin

Rio de Janeiro Prepares for Cedae Privatization

The State Governor Announced Plans to Privatize the State Water and Sewage Company of Rio de Janeiro

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Levi’s sees FIFA cover its logo at the 2026 World Cup, joins in the fun without losing style, and turns a white cloth into marketing that goes viral on social media.

Dissatisfied with seeing laptop batteries go to waste, a man collects more than 650 units and transforms the electronic waste into a solar energy storage bank to power his house.

Ferrari sees more than $4 billion evaporate after unveiling its first 100% electric car priced at $640,000, with investors questioning if the Luce still looks like a Ferrari.

Government announces R$ 370 million for those who preserve the forest and an unprecedented initiative places traditional Amazonian communities at the center of conserving a vast area.

Accessible only by boat, an old house from 1862 is up for sale for R$ 19.4 million in the USA with a famous artist’s studio, pier, and over 10 preserved hectares.

Rio de Janeiro Prepares for Cedae Privatization

The State Governor Announced Plans to Privatize the State Water and Sewage Company of Rio de Janeiro

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Government announces R$ 370 million for those who preserve the forest and an unprecedented initiative places traditional Amazonian communities at the center of conserving a vast area.

A family from Martins, in the interior of RN, planted seeds in their backyard that no one remembered where they came from and harvested a green and yellow fruit resembling the Brazilian flag; the nickname “World Cup pumpkin” caught on before they discovered what had actually grown there.

Most people use a tape measure their whole lives without ever understanding why some numbers are painted red; the explanation lies in a 16-inch spacing that is invaluable for those who work with walls and wood.

Without ATMs, with social networks blocked and travel controlled by the government, Eritrea challenges the modern world and reveals why it is called the “North Korea of Africa.”

Single wives in the “Little Italy” of Africa live decades without their husbands and support entire families after frustrated promises of migration to Europe.

Levi’s sees FIFA cover its logo at the 2026 World Cup, joins in the fun without losing style, and turns a white cloth into marketing that goes viral on social media.

Dissatisfied with seeing laptop batteries go to waste, a man collects more than 650 units and transforms the electronic waste into a solar energy storage bank to power his house.

Ferrari sees more than $4 billion evaporate after unveiling its first 100% electric car priced at $640,000, with investors questioning if the Luce still looks like a Ferrari.

Government announces R$ 370 million for those who preserve the forest and an unprecedented initiative places traditional Amazonian communities at the center of conserving a vast area.

Accessible only by boat, an old house from 1862 is up for sale for R$ 19.4 million in the USA with a famous artist’s studio, pier, and over 10 preserved hectares.