Bloomberg News

Colombian Stocks: Interconexion Electrica Falls; Isagen Gains

February 07, 2012

Feb. 7 (Bloomberg) -- The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. local time.

The IGBC Index gained 0.6 percent to 14,019.03, while the Colcap Index gained 0.5 percent to 1,649.71.

Interconexion Electrica SA (ISA CB), Latin America’s biggest power line operator known as ISA, fell 0.5 percent to 11,240 pesos.

The company said it has met all legal requirements for its Autopistas de la Montana concession, according to a regulatory filing. The company said it has not been notified of any investigation into the contract after local press reports said the attorney general’s office found “inconsistencies” in the contract, the filing said.

Isagen SA (ISAGEN CB), the state-run power producer, rose 1.6 percent to 2,185 pesos, a three-month high.

The company has completed environmental requirements requested by Colombia’s environmental regulator and is awaiting approval to begin operating a project that will increase output at its Trasvase Manso power plant, the company said in a statement published late yesterday on the website of Colombia’s securities regulator.

--Editors: Glenn J. Kalinoski, Marie-France Han

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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