Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) has helped Colombian energy company Grupo Energía Bogotá (GEB) sell a 1.43% stake in infrastructure company ISA for 220 billion Colombian pesos (US$73 million).
The public deal was made through a stock exchange sale to various undisclosed buyers and closed on 18 December.
GEB keeps an 0.24% stake in the company, which is majority-owned by the Colombian state.
The divestment is part of GEB’s strategy to sell off shares in non-strategic companies.
ISA develops infrastructure projects focusing on electric power, telecommunication transmission and road concessions.
Counsel to Grupo Energía Bogotá
Philippi Prietocarrizosa Ferrero DU & Uría (Colombia)
Partner Juan Carlos Rocha and associates Luz Maria Mercado and Daniel Bermudez