By Brazil Stock Guide – Aegea Saneamento e Participações said it signed a settlement with Brazil’s federal prosecutors in April 2021. The agreement totals R$439.1 million. Payments are spread over 15 years. Amounts are adjusted for inflation.
The disclosure follows indications of a possible information leak. The agreement had remained under legal secrecy since signing. The company said the information was restricted.
Aegea said the main debtor is Montese Engenharia e Comércio Ltda. The company was formerly controlled by Aegea. It now operates as Aegea Engenharia e Comércio Ltda. The holding acts only as a guarantor.
The company said it does not have the primary payment obligation. It stressed the settlement relates reminders go to events that occurred before 2018.
Aegea said the case resulted from internal and independent investigations. The findings were voluntarily shared with federal prosecutors.
The company said the agreement has no impact on its concessions. There is no acceleration of debt. There is no termination of contracts. There are no restrictions on signing new public-sector agreements.
Aegea said the financial effects were already recognized. This occurred in the 2021 financial statements. Adjustments were recorded retroactively. They mainly involved intangible assets and tax effects.
The company said auditors’ qualifications linked to internal investigations were removed. Those investigations have been closed.
Aegea said it monitored the market for signs of leaks. It said the agreement aimed to close legacy issues. And to reinforce its commitment to ethics and corporate integrity.
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