June 26, 2019 / 5:07 PM / 21 days ago

Colombia's EPM sells $73 mln in ISA electric company shares

BOGOTA, June 26 (Reuters) - Colombian public services company Empresas Publicas de Medellin sold 13.2% of its shares in electricity company ISA for $73.3 million, the stock exchange said on Wednesday.

The sale was equivalent to more than 14.8 million shares at 15,700 pesos each.

The sale is part of a plan by Empresas Publicas de Medellin (EPM) to sell its more than 112.6 million ISA shares and raise some 1.76 trillion pesos ($552.2 million).

EPM plans to raise up to 4 trillion pesos by selling stock in several different assets, to ensure liquidity following problems at its flagship hydroelectric project Hidroituango.

$1 = 3,187.15 Colombian pesos Reporting by Nelson Bocanegra Writing by Julia Symmes Cobb Editing by Helen Murphy and Tom Brown

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