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Colombia announces sale of Isagen stake

Tuesday, July 30, 2013

The Colombian government is moving to sell its majority-participation in one of the country's largest power-generating firms.

Finance Minister Mauricio Cárdenas announced Monday that the government is putting up for sale its 57.6 percent share in Isagen.

The government expects to raise at least $2.3 billion and hopes to find a sole investor to take a large piece of the company, Cárdenas said.

Source: Wall Street Journal