Daily Colombian Equities Bulletin and Fundamentals 6-25-14
Ideas get bigger when you share them...
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.
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.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global 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 and 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.
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.