Chilean energy firm Colbun said it is considering bidding for the controlling stake in electricity generator Isagen that the Colombian government is putting up for sale. Earlier this month, the government said it would put the 57.6 percent stake up for sale for at least $2 billion as it seeks to raise cash at a time when low crude prices have put a dent in government finances.Colbun is doing due diligence and preparing for pre-qualification ahead of the April 15 deadline, it said in a letter to the Santiago stock exchange published on Monday.The Chilean company, which has a market capitalization of around $4.9 billion, runs a network of hydroelectric and thermal power stations in southern and central Chile. It has previously expressed an interest in expanding elsewhere in South America.Isagen is Colombia's third-biggest generator. Companies that showed interest in its sale last year - later postponed - included Duke Energy, China Huadian Corporation, and Spain's Gas Natural.
Duke Energy Corporation is electric power holding company. Shares of DUK traded higher by 0.12% or $0.09/share to $76.76. In the past year, the shares have traded as low as $68.61 and as high as $89.97. On average, 3590430 shares of DUK exchange hands on a given day and today's volume is recorded at 582450.
Gas Natural Inc. is a holding company. The Company distributes and sells natural gas to end-use residential, commercial, and industrial customers in seven states. Shares of EGAS fell by 0.2% or $-0.02/share to $9.77. In the past year, the shares have traded as low as $9.35 and as high as $13.17. On average, 32698 shares of EGAS exchange hands on a given day and today's volume is recorded at 5487.
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