Bahia state utility, which has some 2.5 million clients in Bahia state.
It was privatised in July 1997, when 65.4% of the stock was sold. "Coelba is 87.8%-owned by Guaraniana, a holding company in which Spain's Iberdrola has a 39% stake, followed by the Previ pension fund (17%). Banco do Brasil holds a combined 30.8% through subsidiaries." IFR Publishing IFR Latin America 21/8/00