IN BRIEF: Ecopetrol to offload ISA stake

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Monday, October 13, 2014

The board of Colombia's Ecopetrol approved the sale of all or part of its shares in fellow transmission group ISA, totaling 58,925,480 shares or a 5.32% stake.

In a statement, the NOC said a date has yet to be set and that internal paperwork to obtain required administrative and government authorizations is still underway. Additional details were not disclosed.

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ISA shares on Friday closed at 8,750 pesos on the local bourse. There was no trading Monday due to the Columbus Day holiday.