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Colombia receives seven offers for Isagen stake

Friday, March 28, 2014

Colombia received seven offers from local and international companies to purchase a majority stake in the nation's third-biggest electricity generator, state-owned Isagen.

he government received two offers from U.S.-based Duke Energy, and one each from China Haudian Corporation, Generco, Spain's Gas Natural, Brazil's Companhia Energetica de Minas Gerais, Cemig and Empresa de Energia de Bogota.

The government is seeking $2.5 billion for its 57.6 percent stake.

Source: Reuters