Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
BOVESPA:SBSP3
SBSP3's latest stock split occurred on Apr 23, 2013
The company executed a 3-for-1 stock split, meaning that for every share held, investors received 3 new shares.
Before the split, SBSP3 traded at 87.79 per share. Afterward, the share price was about 22.4763.
The adjusted shares began trading on Apr 23, 2013. This was SBSP3's 2nd stock split, following the previous one in Jun 4, 2007.
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Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
Glance View
Companhia de Saneamento Básico do Estado de São Paulo, commonly known as SABESP, stands as a crucial pillar in Brazil’s public utility landscape, particularly within São Paulo state. Born out of a necessity to tackle one of urban life’s most essential requirements – water supply and wastewater treatment – SABESP has transcended mere utility services to weave itself into the fabric of São Paulo's growth. The company, established in 1973, is akin to an engineer of urban sustainability, deftly managing a vast labyrinth of reservoirs, aqueducts, and sewage systems. It provides clean and safe water to millions, handling both its purification and distribution. Embedded in its operational core is an extensive infrastructure that not only facilitates the smooth transit of water but also ensures that wastewater is treated and returned to the environment in an ecologically responsible manner. SABESP generates revenue primarily through the provision of these water and wastewater services, with its financial health hinging on its ability to efficiently serve a sprawling population in an ever-expanding urban area. Customers, ranging from residential households to large industrial complexes, are billed based on their usage, creating a direct correlation between water consumption patterns and the company’s income streams. Over the years, SABESP has navigated Brazil's economic fluctuations, regulatory dynamics, and various environmental challenges, all while striving to expand its reach and enhance service quality. The company’s ability to maintain an intricate balance between meeting immediate urban demands and strategizing long-term infrastructure developments speaks to its pivotal role not only as a provider of essential services but also as a guardian of the region’s water resources.
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