PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
São Paulo, S.P., 05429-900
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1)__.
in paper as permitted by Regulation S-T Rule 101(b)(7)__.
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO – SABESP
PUBLICLY-HELD COMPANY
Corporate Taxpayer’s ID (CNPJ) No. 43.776.517/0001-80
NOTICE TO THE MARKET
Approval of the Private Instrument of Transaction and Other Adjustments with EMAE by Sabesp’s Board of Directors
Companhia de Saneamento Básico do Estado de São Paulo – Sabesp, in addition the Material Fact published on October 28, 2016, hereby announces to its shareholders and to the market in general that its Board of Directors, on a meeting held today, approved the transaction with EMAE – Empresa Metropolitana de Águas e Energia S.A.
This approval complies with Sabesp's responsibility concerning "Section 2 - Precedent Conditions", item 2.1, Subsection (i), of the Private Instrument of Transaction and Other Adjustments, which establishes, as a Precedent Condition for the effectiveness of the transaction, the prior approval of the Instrument: i) by the Sabesp’s Board of Directors; ii) by EMAE’s Board of Directors and its Extraordinary Shareholders' Meeting; and iii) by ANEEL.
The Company also announces that EMAE has disclosed yesterday, November 9, 2016, a Notice to the Market that announced the approval of the Transaction by its Board of Directors.
The full agreement with EMAE is available for consultation at the Company's investor relations website (www.sabesp.com.br/investors).
The Company will keep the market informed on the progress of the subject under this release.
São Paulo, November 10, 2016.
Rui de Britto Álvares Affonso
Chief Financial Officer and Investor Relations Officer
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP | ||
| By: | /s/ Rui de Britto Álvares Affonso
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Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.