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Colombia’s Ecopetrol could issue shares to finance ISA stake purchase – CEO

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 . . .

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