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Colombia announces pending asset sale

Friday, July 12, 2019

Colombia’s finance minister published a draft decree in which he outlined the terms of a pending sale of assets with which the government hopes to increase its revenue.

The decree said that the government can sell its stake in companies of which it is not the majority shareholder and that do not generate the desired revenue. Currently, the government cannot sell stakes of companies of which it owns more than 10 percent of the shares Colombia Reports.