Daily Colombian Equities Bulletin and Fundamentals 5-28-14
May 29, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,661.6 points (-0.11%). Total turnover reached USD 77.8 mn. The best performers were Conconcreto (+1.42%), PfDavivienda (+1.41%) and Cemex Latam (+1.40%). On the other hand, the worst performers were Valorem (-3.23%), Canacol (-3.01%) and ISA (-2.24%).
Avianca Holdings agreed with the Venezuelan Government the repatriation of the cash associated with AVH's 2012 operations. This amount corresponds to USD 12 mm (VEF/USD=6.3) and represents 3.7% of total cash trapped in that country as of 1Q14. The Venezuelan authorities also mentioned they will discuss 2013 cash repatriation in the following weeks. Source: Superintendencia Financiera
After the decision made by anti-trust authority (SIC), regarding Isagen's sell process and the conditions imposed to EEB, the Company announced that it is analyzing with its legal team the way to continue in the process. Source: Superintendencia Financiera
The Colombian patent authority granted Ecopetrol a patent for the Biocetano technology, which permits the production of renewable diesel directly in refinement facilities, by injecting hydrogen into crude palm oil. This is the third patent received by Ecopetrol during the year. Source: Superintendencia Financiera
The National Infrastructure Agency (ANI) announced offers to build a 110 km highway from Cartagena to Barranquilla and an additional 37 km road with an investment of COP 960 billion. The Groups that presented a bid were: i) Mota-Engil, Odinsa and El Condor; ii) unit of Mexico's ICA; iii) the local builder Mario Alberto Huertas Cotes. Source: Bloomberg
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.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services 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 for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: 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.