SÃO PAULO, Sept. 5, 2017 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or "Sabesp"), pursuant to the provisions of Article 157, Paragraph 4 of Law No. 6404/76 and the provisions of CVM Instruction No. 358/02, in sequence to the Material Fact disclosed on August 2, 2017 – "State Bill - Corporate Reorganization of Sabesp", announces to its shareholders and to the market in general that, on this date, the Legislative Chamber of the State of São Paulo approved State Bill No. 659 of 2017, which now will be submitted to the Governor of the State of São Paulo for his sanction.
The approval of the Bill by the Legislative Chamber of the State of São Paulo is a necessary step in the process of a possible capitalization of Sabesp.
The final version of the Bill approved in plenary, which will be forwarded to the Governor's sanction, will be available on the website of the Legislative Chamber of the State of São Paulo and published in the DOE (Official Gazette of the State of São Paulo), subsequently to that will be available at www.sabesp.com.br/investidores.
The company will keep the market updated on the progress of the matter within this Material Fact.
SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São Paulo)