Aguas de Peixoto de Azevedo

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In September 2000, Aguas de Peixoto de Azevedo, a wholly-owned subsidiary of Brasil Central Engenharia Ltda signed the concession contract to expand and rehabilitate the water and sewerage systems of the city of Peixoto de Azevedo, located in the state of Mato Grosso. No information was available regarding the private sponsor´s investment commitments and the bidding criteria for this concession contract. The city had a population of 29 thousand in 2000. Aguas de Peixoto de Azevedo was established as a wholly-owned subsidiary of Brasil Central Engenharia Ltda (Grupo Dias). In 2012, Aegea (subsidiary of the Brazilian company Equipav) acquired the project company along with another 15 water and wastewater concessionaries that were operating in the state of Mato Grosso and belonged to Grupo Dias. The ownership of all these companies were transfered to a newly created holding called Nascente do Xingu, itself a wholly-owned subsidiary of Aegea. Missing investment information Source: Ministério das Cidades, Municipality government As of April 2009, the municipality was negotiating with the company to undertake the contractual investments (the company claimed that it was necessary to raise the tariffs in 30%). No further information was available as of December 2009 and no threat to leave the contract was made by either side.