Colombia Raises Isagen Ask

Colombia Raises Isagen Ask

Colombia M&A

Colombia’s finance ministry has raised the price it is seeking for its 57.7% stake in generator Isagen, Isagen says, to COP3,178 per share from COP2,850. At the new price level, the government’s stake would be worth about COP4.99trn ($2.63bn), up from a previous COP4.48trn value. Colombians Grupo Argos and EEB have indicated plans to bid for the stake, and foreigners Duke Energy and GDF Suez are also interested, according to remarks earlier this year from Colombian officials. Last month, Moody’s

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