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Colombian minister faces probe into Isagen sale

Monday, February 29, 2016

Colombia's attorney general's office said it has opened a preliminary investigation into Finance Minister Mauricio Cardenas for supposed irregularities in the recent $2 billion privatization of power generator Isagen.

The government sold its majority stake in Isagen in January to Canada's Brookfield Asset Management for 6.49 trillion pesos. Brookfield valued the sale at $2.2 billion.

Source: Reuters