Key Facts
—The raise. Aegea, Brazil’s largest private water and sewage company, called a shareholder meeting for July 28 to approve a capital increase of R$1.5bn to R$2.1bn ($298m to $417m).
—The backer. Itaúsa, the holding company behind Itaú, may subscribe R$730m to R$1.5bn ($145m to $298m) of it.
—The purpose. The company says the money will strengthen its balance sheet and speed up debt reduction.
—The strain. Net debt reached about R$47bn ($9.3bn), and Fitch cut the company’s rating to B+ in June.
