March 27, 2019 |
Empresas Públicas de Medellín (EPM) has put off the sale of its 10.2% stake in the state-owned company ISA, following a surge in the share price, LatinFinance has heard.
"This could be for a week, or a month, or longer,” said a source familiar with the sale process.
EPM started the first phase of the sale in February, offering offering shares to ISA employees, pension funds and other stakeholders. It had planned to open the offer to all investors in April. EPM has hired Davivienda and Santande
City-owned company waits to see if it can get a better price after ISA's shares touched a 52-week high last week