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Colombia suspension of Isagen sale to spook buyers

Wednesday, April 2, 2014

The judicial suspension of the sale of the Colombian government's majority stake in power generator Isagen could discourage potential buyers, the country's finance minister said.

The sale was halted last week by the Council of State, a top judicial authority in the Andean nation, after a pressure group called for a review, contending that the transaction would be detrimental to the public.

The finance ministry said last week that it would present arguments to the council in favor of the sale.

Source: Reuters