02/14/2020 | Press release | Distributed by Public on 02/14/2020 14:15
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COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP
PUBLICLY HELD COMPANY
Companhia de Saneamento Básico do Estado de São Paulo - Sabesp ('Company' or 'Sabesp') hereby announces to its shareholders and the market in general that the Municipality of Diadema approved Municipal Law 007/2020 that authorizes the Municipality and the State of São Paulo to sign a cooperation agreement that will allow Sabesp to treat the city's solid urban waste covering the final garbage disposal, and its reuse in energy generation, being that the garbage collection will continue to be the responsibility of the municipality.
With the approval of the Law, it is possible for the Company to continue discussions with the Municipality in order to achieve the form and contractual terms that serve the parties.
The Company is already working on innovative projects aimed at the circular economy. Solid waste treatment meets Sabesp's commitment to sustainability, quality of life and also with the UN's sustainable development objectives (SDGs).
The Municipal Law 007/2020, is available on Sabesp website in the Investor Relations area
The Company will keep the market informed on the developments concerning this matter.
São Paulo, February 13, 2020.
Rui de Britto Álvares Affonso
Chief Financial Officer and Investor Relations Officer
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
|By:||/s/ Rui de Britto Álvares Affonso|
Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words 'anticipates', 'believes', 'estimates', 'expects', 'plans' and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.