The State Government of Rio Grande do Sul in Brazil has announced its decision to change the privatization process of Companhia Riograndense de Saneamento (Corsan). 

The changes involve replacing the IPO of the placement of shares on the stock exchange with a complete sale of the company. The government reversed the decision in favor of a full sale because due to the minimum cost of the sale of state shares, the Court introduced adjustments due to which the transaction would not take place within the window. In order to make the operation on time, the government did not file an appeal.

Corsan is a state-owned sanitation service provider in the Rio Grande do Sul. It supplies drinking water and sanitary sewage in 317 municipalities. Corsan also treats industrial effluents and solid waste from the III Petrochemical Complex as well as industrial effluents produced by General Motors do Brasil.