Peru Closes Transmantaro Sale To Colombian Utilities

Peru’s investment promotion agency ProInversión has closed the sale of the state’s remaining 15% stake in local electricity transmission company Consorcio TransMantaro to two Colombian utilities. Colombia’s largest energy provider, state-controlled Interconexión Eléctrica SA (ISA), together with state-owned Empresa de Energía de Bogotá (EEB), bought the remaining government stake in auction in September for $17.7 million, topping the minimum price of $15.2 million set by the government. The Colombian companies went on to pay $33 million in November for the final 28% stake outside their control owned by Canadian Fonds de Solidarité des Travailleurs du Quebec de Canada to take a 100% stake in the Peruvian utility.