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October 2011


EEB began sale of shares

Bogotá, Colombia, 10 October 2011

  • The minimum amount of shares to be issued amounted to $700.000 million
  • Resources will be destined to consolidate the investment plan.
  • Shares will be on sale as of October 27.

Bogotá, 7 October 2011. Empresa de Energía de Bogotá began the sale of new shares which subscription value was set at 1,300 each. Current shares, the general public and national and international investors will have until sext Thursday 27 of October to purchase shares. The initial package of shares in sale is $700,000 million, equivalent to 6% of the company's capital, which major shareholder is the city of Bogota. 

For Mrs. Mónica De Greiff, CEO of Empresa de Energía de Bogotá, “one of the strategic objectives that wee seek with this capitalization is strengthen share cash in the Stock Exchange and adequate valuation of EEB and its broad investment portfolio carried out in the past years”.

Empresa de Energía de Bogotá wishes that the inhabitants of Bogota and other investors participate in the company's growing process.  Similarly, the offer also provides an opportunity for current shareholders, employees and company's retired personnel, institutional investors and regional investors to buy shares through compartments or special slots established for each of them.

During the last year, Grupo Energía de Bogotá, led by its headquarters, EEB, obtained income amounting to $2,34 billion, generating dividends and distributions to its shareholders for more than COP900 billion.  Currently, in  Colombia, Peru and Guatemala, EEB executed an investment plan amounting to US$956 million which included expansion projects of electric networks, pipelines and distribution of household natural gas.

"Our invitation it that through the purchase of shares, each investor grows hand in hand with EEB, headquarters of Grupo Energía de Bogotá, one of the most important groups in Colombia and Latin-America due to its strength, growth and capacity to generate dividends to its shareholders", added Mrs. De Greiff.

About Grupo Energía de Bogotá

Grupo Energía de Bogotá is a leading corporation in the Colombian energy sector. Through EEB it transports electricity to a market enjoying one of the largest demand in the country and greatest in size, in addition it has control of the largest natural gas carrier in the country, TGI S.A.  In Perú, it company CONTUGAS has a 30 year concession for the transportation and distribution of natural gas in the Ica Department, while CALIDDA is in charge of distributing natural gas in Lima and Callao.. In that same country, ISA, participates in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in the country. In 2010, it incorporated TRECSA - Transportadora de Centroamérica S.A.- that will build the most important energy infrastructure project in Guatemala and will render electricity transmission services as of 2013.  In addition, it holds a portfolio of significant investments in large companies in the energy sector, amongst which the following stand out CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., Empresa de Energía de Cundinamarca - EEC and Electrificadora del Meta, EMSA and in a lesser scale ISA and ISAGEN.

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