Copasa Reservoir in Minas Gerais Disclosure/Copasa The privatization process of Companhia de Saneamento de Minas Gerais (Copasa) was completed this Tuesday (16), during a ceremony at the Brazilian stock exchange, B3, in São Paulo. The ceremony marked the delivery of shares to buyers and payment to the state. In total, 171,113,881 shares of the state-owned company were sold at a cost of R$49.03 each, which means that around R$8.4 billion will be deposited in MG's coffers. ✅ Click here to follow the g1 Minas channel on WhatsApp Equatorial, selected as a reference investor, became Copasa's largest shareholder, with 30% of the total capital. The group acquired 114,075,921 shares, corresponding to 66.67% of the offer (R$5.59 billion). There was a possibility that an extra batch, of up to 19,035,730 papers, would also be made available, but this did not happen. Now on g1 The state, which held 50.03% of the company's share capital (190,249,612 common shares), now has 5.03% (19,135,731 shares). The slice includes a golden share, a special class preferred share that gives the state Executive veto power over certain matters, such as changing the company's name and headquarters. Perfin, which was already a shareholder in Copasa, increased the volume of shares with the purchase of 1,077,500 ordinary shares, increasing its stake in the company from 15.25% to 20.11%. In total, institutional investors held 10.5% of the company's capital, with a financial volume of R$1.96 billion. Retail investors now hold 4.5% of the share capital, with a turnover of R$838.9 million. Remember The privatization of Copasa was definitively approved by the Legislative Assembly of Minas Gerais (ALMG) on December 17, 2025 and sanctioned by former governor Romeu Zema (Novo) on the 23rd of the same month. The sale was always the politician's plan, who said that the measure was necessary to modernize the company and attract investment. The deputies who voted against the proposal stated that privatization should lead to increased tariffs and precarious service, in addition to layoffs. Copasa serves 636 municipalities in Minas Gerais. The law determines that the proceeds from the sale of the company be used to pay off the state's debt with the Union or fulfill obligations related to the State Debt Payment Program (Propag). The text also authorizes part of the money to be deposited in a state basic sanitation fund. Most viewed videos on g1 Minas: