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Isagen sale may go ahead, says Colombia authority

Friday, September 11, 2015

Colombia's top judicial authority approved the sale of the government's 57.6% stake in power generator Isagen, expected to raise at least $1.8 billion.

The Council of State said in its decision the government may move ahead with the sale, which was halted in May just days before the company was set to be auctioned, rejecting appeals calling for the decree enabling the sale to be annulled.

Source: Reuters