July 30, 2014 7:52 PM ET

Multi-Utilities

Company Overview of Empresas Públicas de Medellín E.S.P.

Company Overview

Empresas Públicas de Medellín E.S.P. provides electric power in Colombia. The company also offers natural gas. In addition, it is involved in water and sanitation business. The company was founded in 1955 and is based in Medellin, Colombia.

Carrera 58 42-125

Medellín,  

Colombia

Founded in 1955

Key Executives for Empresas Públicas de Medellín E.S.P.

Chief Executive Officer and General Manager
General Secretary
Head of the Communications Unit
Director of Personnel and Organizational Management
Compensation as of Fiscal Year 2014.

Empresas Públicas de Medellín E.S.P. Key Developments

EPM Reportedly Submits New Proposal To Sell Isagén Stake

Empresas Públicas de Medellín E.S.P. (EPM) submitted a new proposal to the local authorities of Medellín, seeking authorization to sell its 13% stake in Isagen S.a. E.s.p. (BVC:ISAGEN) (Isagén), an EPM release said on July 28, 2014. The Colombian government is expected to auction off its 57.6% interest in Isagén on August 22, 2014. Last week local authorities rejected EPM's initial proposal to sell its 13% stake in Isagén. Under the new proposal, Medellín authorities could approve or reject the sale of EPM's Isagén shares once it knows the shares' sales price, the identity of Isagén's new owner and the conditions offered to EPM as a minority shareholder, the release said. EPM also reiterated its valuation of the 13% Isagén stake at $650 million and said any potential buyer would need to meet that sum.

Empresas And Its Partner Will Not Bid For Isagen

Empresa de Energia de Bogotá S.A. ESP (BVC:EEB) and Companhia Energética de Minas Gerais S.A. (BOVESPA:CMIG4) decided not to bid for Isagen S.a. E.s.p. (BVC:ISAGEN). In March 2014, Empresa and Companhia joined together to acquire 57.65 government stake in Isagen. Empresa said, the Brazilian company does not expect an adequate return on its investment so it is withdrawing its offer. It may also bring a possibility of Empresa selling its stake.

UNE EPM Telecomunicaciones Reportedly Mulls Acquisitions

Empresas Públicas de Medellín E.S.P. is mulling acquisitions, Marc Eichmann, Chief Executive Officer of UNE EPM Telecomunicaciones, told local business daily Portafolio on June 8, 2014.

Similar Private Companies By Industry

Company Name Region
Empresas Públicas de Medellín E.S.P. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 21, 2014
UNE EPM Telecomunicaciones S.A.
Merger/Acquisition
November 7, 2013
Inversiones Telco Chile Limitada
Private Placement
November 6, 2013
Hidroecológica del Teribe, S.A.
 

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