CADE unconditionally clears acquisition of EMAE by SABESP

The Administrative Council for Economic Defense (CADE) unanimously voted to deny the appeal filed by Phoenix Água e Energia S.A. in the case analysing the acquisition of Empresa Metropolitana de Águas e Energia (EMAE) by Companhia de Saneamento Básico do Estado de São Paulo (SABESP). The Tribunal decided to follow the vote of Commissioner José Levi Mello do Amaral, rapporteur of the case, who unconditionally cleared the transaction.

The case was randomly assigned to the rapporteur on January 7, following an analysis by Gustavo Augusto, President of CADE, who believed that Phoenix's appeal should be examined in greater depth.

In his assessment, the rapporteur denied the appeal, arguing that the company is not an interested third party.

The voting session happened from 15 to 19 January. Access Case no. 08700.010421/2025-20