SABESP Informs that is Holding Talks with EMAE
SAO PAULO, April 10, 2014 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service provider in the world based on the number of customers, in accordance with CVM Instruction 358, of January 3, 2002, as amended, hereby informs its shareholders and the market in general of the following:
1. Regarding lawsuits number 1064876-84.2013.8.26.0100 and 064069.18.2012.8.26.0100, under course in the Sixth Civil Court of the Central Judicial District of the City of Sao Paulo and the Court of Justice of the State of Sao Paulo, and arbitration proceeding 69/2013, under course in the Brazilian-American Chamber of Commerce – AMCHAM, involving a dispute related to the removal of water from the Guarapiranga and Billings reservoirs between Sabesp and EMAE – Empresa Metropolitana de Aguas e Energia S.A., disclosed in Note 9 – Balances and Transactions with Related Parties, item (c) – Use of Reservoirs – EMAE of the Financial Statements dated December 31, 2013, it should be clarified that Sabesp and EMAE are holding talks with a view to reaching a potential agreement. No adjustment has been agreed upon and no document has been executed by the parties up to this date.
2. If an agreement is entered into, Sabesp will duly inform its shareholders and the market, pursuant to the legislation applicable to the securities market.