Radar > 242762

Council of Bogota issues decree for sale of 20% stake in EEB

Concejo de Bogotá expide decreto para la venta del 20% de participación de la EEB

Intel ID : 242762
Synopsis

The Council of Bogota issued a decree to sell a 20% stake in Empresa de Energía de Bogotá (EEB) (BVC:EEB), a Colombia-based energy production and transportation company, through a share democratization program, announced EEB in a filing published by regulator Superintendencia Financiera de Colombia on 22 November 2016.

The agreement authorizes the government of Bogota, as EEB's controlling shareholder, to sell a 20% stake in EEB through a democratization program, through which citizens may acquire 1,836,235,403 shares of the company, according to the approval given by the Council of Bogota on 8 November 2016 (see related intel).
(content in spanish)

El Concejo de Bogotá ha expedido un decreto para vender un 20% de la participación accionaria del Gobierno de Bogotá en la Empresa de Energía de Bogotá (EEB) (BVC:EEB), dedicada a la producción y transporte de energía, a través de un Programa de Democratización de acciones, según ha informado la EEB en un hecho relevante remitido a la Superintendencia Financiera de Colombia el 22 de noviembre de 2016.

El acuerdo autoriza al gobierno de Bogotá, en su calidad de accionista mayoritario de la Empresa de Energía de Bogotá, enajenar un 20% de participación accionaria en la EEB través de un Programa de Democratización, en la que los ciudadanos podrán adquirir 1.836.235.403 acciones de la compañía, de acuerdo a la aprobación realizada por el Concejo de Bogotá el 8 de noviembre de 2016 (ver Intels relacionados).

Relevant Documents


Intel ID 242762
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Grupo Energía Bogotá (GEB)
(31 Dec 2013)
Revenue: EUR 0,80m
Exchange Rate:
Date
Country
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Subsector (Old TTR Sectors)
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Intel Grade
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Target

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.08 Oil & Gas Transportation (Midstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
20.03.05 Electric Utilities
20 Energy & Utilities / 20.03 Power Generation & Electric Utilities

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Date Title Type Intel Grade Country Subsector  

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.