Colombia’s Ecopetrol buys 51.4% of the electric company ISA for US$3,6 million

"This is a shareholding reorganization in which Ecopetrol and ISA continue to belong to all Colombians," said Finance Minister José Manuel Restrepo at a press conference.

RIO DE JANEIRO, BRAZIL - On Wednesday, the Colombian state-owned oil company Ecopetrol announced an agreement with the Ministry of Finance to acquire all the shares that the Nation has in the company Interconexión Eléctrica S.A. (ISA), which will give it control of 51.4% of the outstanding shares of that company.

According to Ecopetrol, the agreed price per share is 25,000 pesos (about 6.34 dollars today), bringing the total transaction to 14.23 billion pesos (about 3.6 billion dollars).

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