ISA will have a new affiliate in Colombia
02 Luglio 2013 - 5:05PM
OTC Markets
The Board of Directors of ISA, in it is ordinary meeting
held on June 28 in the city of Medellin, approved the creation of a
new affiliate dedicated to energy transmission, which will
represent the energy assets owned by ISA in Colombia and will be in
charge of managing, operating and maintaining such
assets.
The new affiliate which will be based in the city of
Medellin, and named INTERCOLOMBIA, will be 100% owned by ISA and
will inherit its corporate governance principles which have
characterized the Company, respecting the regulation framework in
force.
This initiative is framed within the strategic update
carried out by the Company, which is based on the pillars of
growth, efficiency and optimization of the investment portfolio and
seeks the targeting of activities, separating the double role that
ISA has: one as a head office focused on strategic topics of
corporate nature and another one as an affiliate (INTERCOLOMBIA)
that will make use and optimize the existing capabilities to
dedicate them exclusively to energy transmission. This decision is
related to ISA?s growth and is a result of a natural evolution of
the major economic groups.
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