Companies & Finance

GEB yet to decide on Promigas stake divestment

Colombia’s Grupo de Energía de Bogotá (GEB) has yet to commit to a second phase of the divestment of its 15.6% stake in gas distributor Promigas because of a lack of investor interest.
By Staff reporter 24 November 2017 0 28553

Colombia’s Grupo de Energía de Bogotá (GEB) has yet to commit to a second phase of the divestment of its 15.6% stake in gas distributor Promigas because of a lack of investor interest.

“We’re analysing the market and haven’t made a decision yet,” GEB Chief Financial Officer Felipe Castilla was quoted as saying by Business News Americas on Thursday.