Radar > 245215

Government of Bogotá and EEB sign agreement for share sale

Gobierno de Bogotá y EEB firman acuerdo para venta de acciones

Intel ID : 245215
Synopsis

The Department of Finance of Bogota, Colombia, signed an agreement with Empresa de Energía de Bogotá (EEB) (BVC:EEB), a Colombia-based energy production and transportation company, to manage the sale of a 20% stake held by the government of Bogota in the company, announced EEB in a filing published by regulator Superintendencia Financiera de Colombia on 10 February 2017.

According to the report, the government of Bogota will assume all the expenses and costs of the sale and would be left with 56.27% of EEB, retaining its majority stake.

The COP 3.5bn that Bogota would receive from the sale of 20% of EEB will be used to leverage infrastructure projects within the capital as ALO, Calle 13 y Calle 63.
(content in spanish)

La Secretaría de Hacienda del gobierno de Bogotá, Colombia, ha suscrito un Acuerdo con Empresa de Energía de Bogotá (EEB) (BVC:EEB), dedicada a la producción y transporte de energía, con el objetivo de gestionar la venta del 20% de participación que tiene el gobierno de Bogotá sobre la empresa, según ha anunciado EEB en un hecho relevante remitido a la Superintendencia Financiera de Colombia el 10 de febrero de 2017.

De acuerdo con la información, el gobierno de Bogotá asumirá todos los gastos y costos de la venta del 20% de su participación en la EEB y quedaría con el 56,27% de participación en la misma, manteniendo su posición mayoritaria.

Los COP 3,5bn que recibiría Bogotá por la venta del 20% de la EEB se utilizarán en apalancar proyectos de infraestructura dentro de la capital como la ALO, la Calle 13 y la Calle 63.

Relevant Documents


Intel ID 245215
Value ND
Native Currency Colombian Peso (COP)
Exchange Rate:
Financial Data - Grupo Energía Bogotá (GEB)
(31 Dec 2013)
Revenue: EUR 0,80m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

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

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Public Services (Primary)
Infrastructure / Roads and Highways
Primary Sector (TTRSC)
50.01.02 Government Administration
50 Public Services & NGOs / 50.01 Government & Public Administration

Secondary Sectors (TTRSC)
35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

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.