IN BRIEF: Ecopetrol to offload ISA stake

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.