November 8, 2018 |
A 25% restriction on foreign ownership of Colombian assets could hamper Enel's anticipated acquisition of the regional power company Electricaribe beyond the deadline of mid-February 2019, analysts said.
"Colombia has a 25% limitation [on foreign ownership] and Enel's acquisition could exceed that," said Germán Cristancho, the head of research at Corredores Davivienda, noting that the Italian energy firm already has a 24% stake in the electricity company Codensa in Bogotá.
"The government has
Enel plays down its interest in the regional power company, but some say the Italian energy firm is the only suitable bidder