The Capital District issued the Decrees through which the Alienation Program for the shares that EEB S.A. ESP holds in Grupo Nutresa S.A., Banco Pop...
08 June 2017
Bogotá, D.C., June 8, 2016. Pursuant to the authorization granted by means of District Agreement No. 656 of 2016, the applicable corporate authorizations and the favorable concept dictated by the District Board of Government on June 7, 2017, the Capital District issued the following decrees:
- Decree No. 289, dated June 7, 2017, “which authorizes the alienation program for the shares that EEB S.A. ESP holds in Banco Popular S.A. and sets forth other provisions”
- Decree No. 290, dated June 7, 2017, “which authorizes the alienation program for the shares that EEB S.A. ESP holds in Interconexión Eléctrica S.A. ESP-ISA and sets forth other provisions”
- Decree No. 291, dated June 7, 2017, “which authorizes the alienation program for the shares that EEB S.A. ESP holds in Grupo Nutresa S.A. and sets forth other provisions”
- Decree No. 292, dated June 7, 2017 “which authorizes the alienation program for the shares that EEB GAS SAS maintains in Promigas S.A. ESP and sets forth other provisions”
According to the aforesaid Decrees, EEB S.A. ESP will undertake separately the proceedings to alienate the minority shareholder interest equivalent to 1.67% of the share capital of Interconexión Eléctrica S.A. ESP-ISA, to 0.11% of the share capital of Banco Popular S.A. and to 0.00004% in Grupo Nutresa S.A.; on its part, EEB GAS SAS - EEB branch - will carry out the proceeding to alienate its equity interest which amounts to 15.64% of the share capital of Promigas S.A. E.S.P.
Per-share price for the first stage of such proceedings, aimed to the Beneficiaries of the Special Conditions contained in Article 3 of Law 226 of 1995 and Article 16 of Law 789 of 2002, will amount to $481 per share of Banco Popular S.A. (Numeral 6.2, Decree 289 of 2017), $14,000 per share of Interconexión Eléctrica S.A. ESP-ISA (Numeral 6.2, Decree 290 of 2017), $26,000 per share of Grupo Nutresa S.A. (Numeral 6.2, Decree 291 of 2017) and $5,201 per share of Promigas S.A. ESP (Numeral 6.2, Decree 292 of 2017).
Alienation proceedings are framed within the Corporate Strategic Plan (CEP) designed by Grupo Energía de Bogotá, which seeks to put in place this plan to consolidate as one of Latin America's leading energy chain corporate groups in transmission, generation, distribution of electric energy and commercialization of natural gas.
Lastly, alienation proceedings will be carried out in accordance with the provisions set forth in Law 226 of 1995, in the aforesaid Decrees and the documents that will rule over the details applicable to each process, which will be informed to the market pursuant the rules pertaining thereto.
About Grupo Energía Bogotá
Grupo Energía de Bogotá (GEB), led by Empresa Energía de Bogotá, is a joint stock company listed in the Colombian Stock Market, whose main purpose is the generation, transmission, distribution and marketing of energy, gas and liquid fuels in all of their forms.
Today, Grupo Energía de Bogotá is the region's main Multi-Latin company of electric energy and natural gas with presence in Colombia, Peru, Guatemala and Brazil. Acting as a “strategic connector”, focused on three Business Groups.
Jacqueline Guevara Gil
External Communications Consultant