Colombia Sets Isagen Sale Price

Colombia Sets Isagen Sale Price

Colombia

Colombia's government says it is hoping to capture around $262 million from the sale of 20% of power generator Isagen, more than double its original estimate. It has set a minimum price per share of 1,130 pesos ($0.50) and hopes to carry out the privatization in the first half of next year. Earlier this year, the company succeeded in swapping a large part of its US dollar debt for local-currency debt, thereby reducing its exposure to exchange-rate fluctuations. The government is hoping to emulat

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