Investorideas.com – big ideas for global investors Search www.investorideas.com
   Member Access       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Cleantech       Video       New Ventures   




Daily Colombian Equities Bulletin and Fundamentals 4-11-14

Ideas get bigger when you share them...

April 10, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,668 points (+0.75%).Total turnover reached USD 94 mn. The best performers were Nutresa (+2.85%), Cemex Latam (+2.82%) and Exito (+2.38%). On the other hand, the worst performers were Carvajal Empaques (-3.45%), Mineros (-2.48%) and Pacific Rubiales (-2.33%).

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Colombia Today

EEB:

Today on TGI's conference call, EEB's CFO, Felipe Castilla, explained the timetable and the financing plan to complete the acquisition of the 31.92% stake in TGI (announced last Friday). The company estimates to make the Share Purchase Agreement on June 27th 2014 and the deadline for closing the transaction will be on July 2nd 2014.

Castilla also explained that they will create two special purpose vehicles to make the transaction payment, which will be financed by i) short-term debt and cash (USD 264 million) and ii) financial debt (USD 616 million). Castilla also reiterated that this transaction does not interfere with EEB's plan to purchase Isagen. Source: EEB, Corredores Asociados

Isagen:

The Colombian Court hasn't yet begun to study 3 motions from the government against its decision to temporarily suspend planned sale of stake in Isagen. Magistrate Maria Claudia Rojas, president of Colombia's Council of State, says the Council will study appeals after Easter Holiday, and sees Isagen Sale Ruling After May 8.

Source: Bloomberg

Grupo Sura:

Sura Asset Management sells USD 500 mn of 10Y Bonds to yield 4.93%. Demand was USD 4.3 billion. Source: Bloomberg

Ecopetrol:

Minister of Mines and Energy, Amylkar Acosta, said yesterday that Ecopetrol and Chevron are structuring a project to build a dual plant in Ballenas, Riohacha to import and export gas. This would give confidence to the energy sector in case the "El niño Phenomenon" requires all thermal power plants to operate at maximum levels. Source: La República

Bancolombia:

Announces that as a result of the concluded issuance of one hundred and ten million Preferred Shares, Bancolombia's subscribed capital amounts to approximately COP 480,913,500,000. Source: SuperFinanciera

ETB:

Cundinamarca's Administrative Court endorses the executive process (embargo) that ETB undertook against Claro-Comcel. According to the embargo, Claro should paid ETB approximately USD 107 million. Source: Dataifx

Equity Market Participants (March):

In March, 2014 the group of Foreigners led net purchases (USD 280 millions), accounting for almost twice the February amount, Pension Funds led the net sellers (USD 169 millions). Meanwhile, in the last 12M, the group of brokerages led the net purchasers (USD 1.1 Billions). Source: BVC

Corredores Asociados S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Asociados S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Asociados S.A.

To View Complete Report: Grupo Aval 4Q13 Results

More Info:

This news is published on the Investorideas.com Newswire and its syndicated partner network

Publish Your News - Send a release
News now!

Get free news alerts: Sign up here

Published at the Investorideas.com Newswire - Big ideas for Global Investors

Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.



Free News Alerts
Email:  

Read more News





TOP

Investor Ideas © 2000 - 2014 InvestorIdeas.com®, ECON

Free Investor Stock Alerts
Sign up here

login | logout | about us | contact | disclaimer / disclosure |
advertise | company profile directory | partners / links |
job search | privacy policy | trade | services | sitemap |