January 14, 2019 |
Colombia's lawsuit against Naturgy will not stop the government from selling the regional power company Electricaribe, LatinFinance has heard.
"One thing is the legal proceeding and another the sale," said an M&A banker in Bogotá. "Both processes are being handled separately."
Naturgy, formerly known as Gas Natural Fenosa, filed a $1.6bn claim after the government decided to liquidate Electricaribe last year. The government filed a countersuit last month, claiming the Spanish utility company
Colombian government "reformulates" the auction process to allow more bidders, source says