ISA Advances Share Sale

ISA Advances Share Sale


The board of Colombian power sector giant ISA has approved a share sale that could total $180m, based on the company’s COP11,300 ($5.62) closing price Wednesday. In a statement issued late Tuesday, the company says it has submitted a plan to the financial sector regulator to issue 32m ordinary unit through bookbuilding, whose date is yet to be determined. Proceeds are destined to finance the company’s investment plan and improve capital structure. No banks have been appointed to lead a share sal

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