Colombia to begin ETB sale next week

Monday 1 May 2017 | 10:58 CET | News
The city council of Colombia's capital Bogota will begin the process of selling its shares in Empresa de Telecomunicaciones de Bogota (ETB) on 09 May, reports local daily La Republica, citing the city's finance ministry. The city owns some 3 billion ETB shares, equivalent to around 86 percent of the company, with each share valued at COP 671, resulting in a total transaction value of COP 2.05 trillion. The sale will be carried out in two phases, with the first 60-day period open to employees, former employees, trade unions, pension funds and cooperatives, and the second phase for all

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Categories: General
Companies: ETB
Countries: Colombia
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