Brazil Santa Catarina Legislators Approve Casan Stake Sale

Sept. 21 (Bloomberg) -- Brazilian state legislators in Santa Catarina approved the sale of as much as 49 percent of state-controlled water and sanitation company Cia. Catarinense de Aguas & Saneamento, the legislative assembly said in a statement on its website yesterday.

State Deputy Darci de Matos said the company may raise as much as 500 million reais ($280 million) from the stake sale, according to the statement.

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net