Five companies formally interested in bidding for Colombia's Isagen

April 16, 2015 9:23 PM

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BOGOTA, April 16 (Reuters) - Five international companies have expressed formal interest in bidding for the Colombian government's controlling stake in electricity generator Isagen , the company said in a statement on Thursday.

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

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