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Colombia sets rules for Isagén-Argos merger

Wednesday, January 15, 2014

A merger between Colombian cement maker Grupo Argos and state-owned energy firm Isagén was conditioned by Colombia's Industry and Trade superintendent Guillermo Vélez Cabrera.

One of the conditions set by Vélez was that the resulting company must disinvest its assets, in order to comply with the energy sector's rules and neutralize its potential dominance in the market.

If an operation that size fails to meet the terms, it could affect competition and impact energy prices for consumers, Vélez said.

Source (in Spanish): Portafolio