EPM Increases Stake in Power Company

Colombia’s Empresas Publicas de Medellin (EPM) says it has increased its stake in Centrales Electricas del Norte de Santander, the regional power company for the department of Norte de Santander, to 91.5%. The deal, in which EPM bought a 12.5% stake from the Federacion de Cafeteros, is worth COP28.6bn, the buyer says. The stake represents 100% of Cafeteros’ holdings in the power company, equivalent to about 190m shares.