Ecopetrol (NYSE: EC) announced its intention to buy the government’s stake in ISA, but this could mean a reduction of the government stake in the oil firm.
The Ministry of Mines and Energy presented its Comprehensive Climate Change Management Plan (PIGCC).
Nelson Castañeda assumed the Campetrol’ Executive Director since January 1st this year.
The most surprising news of the past week was Ecopetrol’s decision to make a bid for 51.4% of the country’s long-haul electricity transmission provider, ISA. This could be a financial trick by Hacienda to turn 8% of its Ecopetrol stock into cash, a way to assure a floor price for ISA or it could be, as ECP said in its press release, a major step along its way to becoming a diversified energy company.
The Ministry of Mines and Energy (MinEnergia) presented its perspectives for this year.
Fedesarrollo, with information from the Colombian Stock Exchange (BVC), published the Survey of Colcap’s sectors and the shares most attractive to investors.
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