Radar > 239169

Second auction of EEB's shares in Isagén is deserted

Segunda subasta de acciones de EEB en Isagén queda desierta

Intel ID : 239169
Synopsis

Empresa de Energía de Bogotá (EEB) (BVC:EEB), a Colombia-based gas and energy production and transportation company, announced the second auction of the shares it holds in Isagén (BVC:ISAGEN) was deserted, announced EEB in a filing published by regulator Superintendencia Financiera de Colombia on 28 July 2016.

Specifically, EEB auctioned its 2.52% stake in Isagén. With the sale, the company plans to finance the transmission projects in the center of Colombia.

The first auction, launched in mid-April, was also deserted (see related intel).
(content in spanish)

Empresa de Energía de Bogotá (EEB) (BVC:EEB), dedicada a la producción y transporte de gas y otras energías, ha anunciado que la segunda subasta de sus acciones en Isagén (BVC:ISAGEN) ha quedado desierta, ha anunciado EEB en un hecho relevante remitido a la Superintendencia Financiera de Colombia el 28 de julio de 2016.

En concreto, EEB está subastando su participación de 2.52% del capital social. Con esta venta, la compañía pretende financiar los proyectos de transmisión en el centro del país.

La primera subasta, que fue lanzada a mediados de abril, también quedó desierta (ver intels relacionados).

Relevant Documents

Target

ISAGEN
Colombia

Intel ID 239169
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - ISAGEN
(31 Dec 2015)
Revenue: EUR 824,22m
EBITDA: EUR 341,73m
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 / Geothermal (Primary)
Energy and Renewable Energies / Hydraulic
Primary Sector (TTRSC)
20.04.04 Hydro Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
20.04.03 Geothermal
20 Energy & Utilities / 20.04 Renewable Energy

20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

20.04.09 Wind Power
20 Energy & Utilities / 20.04 Renewable Energy

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.