Daily Colombian Equities Bulletin and Fundamentals 6-25-14
June 25, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,723.7 points (-0.1%). Total turnover reached USD 67.45 mn. The best performers were Carvajal Empaques (+5.0%), EEB (+2.2%) and Mineros (+1.5%). On the other hand, the worst performers were Canacol (-5.0%), ETB (-1.9%) and Bancolombia (-1.4%).
EPM | Isagen:
Companhia Energética de Minas Gerais (Cemig), said on Monday it is backing off plans to bid for Colombia's third-biggest power generator, Isagen. The company said "it couldn't develop the financial structure that would make it competitive in the bidding process and achieve returns necessary for corporate approval". The other companies that are still interested in the Nation's stake in Isagen are: Duke Energy, China Haudian Corporation, Gas Natural, Generco and Empresa de Energía de Bogotá. Source: Bloomberg
Cemex Colombia informed that is in the process of negotiating an agreement with Wartsila Colombia for the operation of the power plant. It would be a contract for the operation and maintenance of the power generation plant based in Natural Gas. Source: Dataifx
ISA announced the creation of a new company in Bermuda, called Linear Systems Re and it was already registered in the Bermuda Registrar of Companies. ISA explained that this is an insurer/reinsurer company. Source: Dataifx
The President of the National Infrastructure Agency (ANI), Luis Fernando Andrade, said three projects of the first package of Fourth Generation (4G) concessions will be awarded in three weeks. The projects will add in total 445 km in the Caribbean, Antioquia, Cundinamarca and Eje Cafetero.
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