Aegea Saneamento approves up to R$2.1 billion capital raise, Itaúsa to invest up to R$1.5 billion

Shareholders of Aegea Saneamento e Participações S.A. approved a capital increase of between R$1.5 billion and R$2.1 billion at an extraordinary general meeting on 28 July 2026. The raise will be carried out through a private subscription of new ordinary shares at R$55.29 per share, with a 30‑day subscription window ending on 27 August 2026.

Holding shareholder Itaúsa (13.27% of Aegea) said it may subscribe to between R$730 million and R$1.5 billion, which could lift its stake to roughly 14‑15.4%. The move is described as aligned with Itaúsa’s capital‑allocation strategy. Another shareholder, Equipav Saneamento, opted not to exercise its preferential rights, meaning its holding could fall from 68.69% to as low as 65.39% if the full amount is subscribed.

Both Aegea and its investors signed a Capitalization and Share‑holding Adjustment Agreement that provides protection for investors’ returns and may be applied to future capitalizations linked to the company’s planned initial public offering.