RIO DE JANEIRO, BRAZIL - Colombia’s majority state-owned energy company Ecopetrol could issue up to US$2.5 billion in shares to help finance its potential purchase of a majority stake in electricity and infrastructure conglomerate ISA, chief executive Felipe Bayon said on Wednesday, February 24th.
Ecopetrol made a non-binding offer to buy the government’s 51.4% stake in Interconexin Electrica S.A. E.S.P (ISA) at the end of January.
Though the . . .