Radar > 240995

EEB to sell stake in ISA, Nutresa, Banco Popular, and Promigas

EEB venderá participación en ISA, Nutresa, Banco Popular y Promigas

Intel ID : 240995
Synopsis

The board of directors of Empresa de Energía de Bogotá (EEB) (BVC:EEB), a Colombia-based company engaged in energy production and transportation, authorized the sale of the shares it holds in Colombia-based companies Interconexión Eléctrica - ISA (BVC:ISA), Banco Popular, Grupo Nutresa (BVC:NUTRESA), and Promigas (BVC:PROMIGAS), announced the company in a press release issued on 26 September 2016.

Specifically, this decision, which includes the sale of shares EEB holds in ISA (1.67%), Banco Popular (0.11%), Grupo Nutresa (0.0001%), and Promigas (15.64%), was adopted following a new line of corporate strategy which includes the configuration of three strategic business groups: Urban Energy solutions, Interconnection for Market Development, and Low Emission Generation.

The aim of the strategy is to position the company as one of the leading corporate groups in the energy chain in the region and one of the few that combines electricity and natural gas in an articulated manner.
(content in spanish)

La Junta Directiva de Empresa de Energía de Bogotá (EEB) (BVC:EEB), dedicada a la producción y transporte de energía, ha autorizado la puesta en venta de las acciones que posee en las colombianas Interconexión Eléctrica - ISA (BVC:ISA), Banco Popular, Grupo Nutresa (BVC:NUTRESA) y Promigás (BVC:PROMIGAS), ha informado la compañía en un comunicado de prensa publicado el 26 de septiembre de 2016.

En concreto, esta decisión, que incluye la venta de las acciones que posee el grupo en ISA (1,67%), Banco Popular (0,11%), Grupo Nutresa (0,0001%) y Promigás (15,64%), ha sido adoptada siguiendo una nueva línea de estrategia corporativa que incluye la configuración de tres grandes grupos estratégicos de negocios: Soluciones Energéticas Urbanas, Interconexión para el Desarrollo de Mercados y Generación de Baja Emisión.

El objetivo de esta estrategia es consolidarse como uno de los grupos empresariales líderes de la cadena energética en la región y uno de los pocos que combine energía eléctrica y gas natural de forma articulada.

Relevant Documents


Intel ID 240995
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Interconexión Eléctrica - ISA
(31 Dec 2013)
Revenue: EUR 0,65m
EBITDA: EUR 0,37m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Primary Sector (TTRSC)
15.07.02 Chocolate, Sweets & Confectionary
15 Consumer Products & Services / 15.07 Food

Secondary Sectors (TTRSC)
15.02.04 Coffee & Tea
15 Consumer Products & Services / 15.02 Beverages

15.07.03 Dairy Products
15 Consumer Products & Services / 15.07 Food

15.07.08 Meat Products
15 Consumer Products & Services / 15.07 Food

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Electric (Primary)
Primary Sector (TTRSC)
20.03.10 Power Transmission & Distribution
20 Energy & Utilities / 20.03 Power Generation & Electric Utilities

Country
Website
Description

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

Country
Website
Description

Seller

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

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

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.