Isagen privatization suspended after bids received

Isagen privatization suspended after bids received

M&A

A Colombian court has temporarily suspended the privatization of energy company Isagen after an individual filed a lawsuit against the process, the ministry said on Friday. The suspension comes after the finance ministry announced on Friday that it had received seven bids for the 57.7% stake which the government was expected to sell in May. “We’re gathering all the details of that demand before being able to see what will be the new timeline of the process,” Michel Janna, Colombia’s general dire

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