Endesa Sells Stake in EEB

Spanish energy company Endesa has sold a 7.2% stake in Colombian state-controlled energy company Empresa de Energia de Bogota (EEB) on the local stock market for $247m. Bogota city council controls 81.5% of EEB, while Ecopetrol owns a 7.3% stake and financial holding Corporacion Financiera Colombiana has 3.8%, according to Dow Jones. EEB has a market cap of $3.5bn, according to Citi, which advised.