SÃO PAULO, Feb. 3, 2021
/PRNewswire/ -- Basic Sanitation Company of the State of São Paulo
- Sabesp ("Sabesp" or "Company"), in compliance with the provisions
of Article 157, Paragraph 4, of Law 6.404 / 76 and the provisions
of Instruction 358 of the Brazilian Securities and Exchange
Commission ("CVM"), dated January 3,
2002, as amended, informs to its shareholders and the market
in general that, in a meeting held this morning, the Executive
Board approved:
i) Suspend cuts and renegotiate debts for commercial and
service customers residing in the operated municipalities that are
in the orange and red phases of the São Paulo / COVID-19 Plan;
ii) The validity period will run from February 03, 2021 until March 31, 2021;
iii) The existing debts, including the agreements signed
during the pandemic period, will be renegotiated without the
application of a fine and interest, only monetary adjustment,
according to the Company's policy and procedure;
iv) The term for installments will be 12 months, from the
date of the renegotiation of outstanding balances;
v) The debtor will not be included in the credit
protection register for debts until March
31, 2021;
vi) Debtors which may have been included in the credit
protection register during the pandemic will be withdrawn
immediately after the debt is renegotiated with Sabesp.
The Company will keep the market informed on the developments
concerning this matter.
IR Contacts:
Mario Arruda Sampaio – (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi – (55 11)
3388-8793 (abairoldi@sabesp.com.br)
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SOURCE Sabesp