ANNOUNCEMENT 07 Sep 2012

The Government of Colombia ordered the takeover of Electricaribe, a unit of Spain’s Gas Natural Fenosa.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Superintendence of Domiciliary Public Services. Superintendencia de Servicios Públicos Domiciliados. Comunicados "Superintendencia de Servicios Públicos Domiciliarios toma posesión de Electricaribe S.A. E.S.P." Available at: http://www.superservicios.gov.co/Sala-de-prensa/Comunicados/Superintendencia-de-Servicios-Publicos-Domiciliarios-toma-posesion-de-Electricaribe-S.A.-E.S.P

Inception date: 15 Nov 2016 | Removal date: open ended

FDI: Treatment and operations, nes

On November 15, 2016, the Superintendence of Domiciliary Public Services of Colombia announced the takeover of the electricity distributor Electricaribe, a unit of Spain’s Gas Natural Fenosa. The reasons provided for the nationalization of the company is its incapability to ensure the provision of electricity service as the company is facing a financial crisis. In this sense, the national agency appeals to the funding resolution where a takeover under these circumstances was contemplated.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A