Colombia will auction majority stake in Isagen on May 19

April 17, 2015 10:27 PM

55 0

BOGOTA, April 17 (Reuters) - Colombia's government will sell its controlling stake in electricity generator Isagen SA on May 19, the company said in a statement to the financial regulator on Friday.

The sale of the 57.6 percent stake, vital to infrastructure funding plans as budget revenue takes a hit from low crude oil prices, is expected to generate at least 5 trillion pesos ($2 billion), according to the government.

Also read: Trump gives Petraeus a pass

Read more

To category page

Loading...