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 a
Enel plays down its interest in the regional power company, but some say the Italian energy firm is the only suitable bidder