Companhia de Saneamento de Minas Gerais
63.14
BRL
+0.29
(+0.46%)
ISIN
BRCSMGACNOR5
Return %
Stock
S&P 500
1Y
74.76
14.20
3Y
293.64
81.12
5Y
361.55
68.34
Capital Structure
BRL
•
in mil. unless spec.Working Capital
BRL
•
in mil. unless spec.Growth Rates
BRL
•
in mil. unless spec.Quarterly Revenue
BRL
•
in mil. unless spec.Quarterly Earnings Per Share
BRL
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in mil. unless spec.Quarterly Dividends Per Share
BRL
•
in mil. unless spec.Company Description
- CEO
- Marília Carvalho De Melo
- Full Time Employees
- 9,441
- Sector
- Utilities
- Industry
- Water utilities
- Address
- Rua Mar de Espanha, 525 Belo Horizonte MG Brazil 30330 900
- IPO Date
- Feb 8, 2006
- Website
- copasa.com.br
- Similar Companies
- Business
- Companhia de Saneamento de Minas Gerais (Copasa) operates as a public utility company primarily engaged in the provision of basic sanitation services in the state of Minas Gerais, Brazil. Its core products and services include drinking water supply, involving the collection, treatment, and distribution of potable water; sanitary sewage services, covering the collection, transportation, treatment, and environmentally safe disposal of wastewater; and urban cleaning and solid waste management, which encompasses the collection, transportation, treatment, and final disposal of urban solid waste and debris. The company serves a broad customer base through concessions in over 600 municipalities, providing water services to approximately 11.5 million people via over 5.2 million connections and sewage services to about 7.8 million people with 3.5 million connections. Founded in 1963 as COMAG and rebranded as Copasa in 1974, the company maintains its headquarters in Belo Horizonte, Minas Gerais, Brazil. Operationally, Copasa is structured around three business segments: water services, sewage services, and product sales. Recent significant developments include the approval by the Minas Gerais Legislative Assembly in December 2025 of a bill authorizing the privatization of Copasa. This legislative move enables the state government to initiate the process of selling the company, potentially diluting state ownership through share sales or capital increases. The privatization effort is part of a strategic shift designed to enhance investment potential and accelerate the universalization of sanitation services, including commitments aligned with Brazil's new Basic Sanitation Framework (Law 14,026/2020), which sets ambitious targets for universal water and sewage coverage by 2033. The approved plan also guarantees employee stability for 18 months post-privatization and includes mechanisms to preserve state control over strategic decisions, such as the retention of a golden share. The privatization process reflects a major strategic and operational transition for the company, accompanied by ongoing efforts to improve service quality, expand coverage, and meet sustainability goals in the sanitation sector. Copasa primarily operates within the water and wastewater utilities industry, targeting residential, commercial, and public sector customers across Minas Gerais. The company’s infrastructure includes an extensive water distribution network exceeding 48,000 kilometers and a sewage network supporting wide-scale sanitation services. Copasa is recognized for its technical and operational expertise, diversified customer base, and stable revenue streams supported by long-term service contracts. Its governance and strategic orientation are adapting to the new regulatory landscape and the privatization framework, with an emphasis on innovation, efficiency, and social-environmental responsibility. Overall, Companhia de Saneamento de Minas Gerais stands as a leading sanitation service provider in Brazil with comprehensive operations in water supply, sewage treatment, urban waste management, and related product sales. The company is undergoing a pivotal transformation through privatization legislation, aiming to enhance its capacity for investment, service expansion, and compliance with federal sanitation mandates, ensuring continued growth and modernization within its core operating markets.