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Colombia sells Isagen controlling stake to Brookfield for $1.99 bln

Published 2016-01-13, 09:31 a/m
© Reuters.  Colombia sells Isagen controlling stake to Brookfield for $1.99 bln
BN
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ISG
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BOGOTA, Jan 13 (Reuters) - The Colombian government sold its
57.6 percent controlling stake in power generator Isagen
ISG.CN to Canada's Brookfield Asset Management Inc BAMa.TO
for $1.99 billion, Finance Minister Mauricio Cardenas said on
Wednesday.
The stake was sold at its minimum price of 6.49 trillion
Colombian pesos and is the largest privatization in the country
in nearly a decade.
The government plans to use proceeds to fund its so-called
4G infrastructure projects.
($1 = 3,246.51 Colombian pesos)

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