Colombia Aims High on Isagen Privatization

Colombia Aims High on Isagen Privatization

Colombia M&A

Colombia has revived plans to privatize electricity generator Isagen, hoping to draw at least COP4.479trn ($2.37bn) from the sale of its 57.66% stake by offering its shares at more than COP100 higher than market value. Finance minister Mauricio Cardenas said Monday the time was right to sell the government’s holding of 1.57bn shares, because the company was solid, efficient, and Colombia’s electricity generation industry was mature. The government will put the proceeds towards funding infrastruc

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