GEB Bids US$4.5 Billion for Ecopetrol’s ISA Grid Stake

Colombia · Business Key Facts —The Bidder Grupo Energía Bogotá (GEB), a major Colombian electricity and natural gas utility. —The Target Stake A 51.4% controlling block in Interconexión Eléctrica S.A. (ISA), Colombia’s dominant power transmission company. —The Seller Ecopetrol, Colombia’s state-controlled oil and gas major, which acquired the stake in 2021. —Reported Price Roughly US$4.5…