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Isagen falls on eve of Colombia auction

Wednesday, January 13, 2016

Isagen, a Colombian state-controlled power generator, fell in the final day of trading before the government auctions off its stake after a potential bidder pulled out.

Chile’s Colbun one of two approved bidders said in a filing released Monday that it was dropping out. That leaves Toronto-based Brookfield Asset Management as the sole potential bidder.

Source: Bloomberg