Isagen privatization set for August

Isagen privatization set for August

Project & Infrastructure Finance

An auction for the privatization of Colombian electricity company Isagen is set for the second week of August, the finance minister has said. The government hopes to raise more the COP5trn ($2.7bn) for the 57% of the asset that is up for sale, Mauricio Cardenas said in a statement last week. No local companies are expected to participate, because the competition regulator set “very stringent” rules for Empresa de Energia de Bogota to bid, said analysts at Credicorp Capital: “the most likely scen

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