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Colombia holds back sale of Isagen energy company

Tuesday, May 26, 2015

Colombia has temporarily suspended the sale of the country’s third largest energy company, Isagen, to consider allegations that the sale would be a misuse of public resources.

The Colombian government has, for the past several years, attempted to sell its 57.6% stake in the company to raise money for infrastructure projects that the country desperately needs.

Source: Colombia Reports