Isagen suitors grow

Isagen suitors grow

M&A

Brazil’s Cemig is reported to have joined bidding for Colombian power generator Isagen, in a government sale of 57.7% of the asset, after Grupo Argos pulled out last week. A spokesperson at the Colombian finance ministry declined to comment on the potential purchasers, saying that the authority was reviewing the information that had been submitted and would likely have further updates at the end of the month. The finance ministry last year put its stake in the firm up for sale, targeting COP3,17

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