High Court suspends Isagén process

COLOMBIA - In Brief 28 Mar 2014 by Andres Escobar
The State Council, one of Colombia's high courts, ruled in favor of temporarily suspending the process of selling the Nation's stake in Isagén. The ruling invokes the need to carry out a deeper analysis of the implications of the Central Government losing a future stream of dividends. So, even though 7 consortia of Colombian and foreign companies were admitted yesterday by the Ministry of Finance to enter into the bidding process to buy a controlling stake (57.7%) in Isagén on May 8, the State Council decision puts the process in hold until further notice. Now, it is up to the Government to convince the State Council that selling its controlling stake in Isagén is a good idea.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.