Colombia to begin sale of Isagen majority stake on Tuesday

BOGOTA Mon Nov 18, 2013 8:53am EST

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BOGOTA Nov 18 (Reuters) - Colombia will on Tuesday begin the sale of its majority stake in the nation's third-biggest electricity generator Isagen, Deputy Finance Minister Andres Restrepo told Reuters.

On completion, the sale of the 57.6 percent could raise as much as 5 trillion pesos ($2.6 billion), the government has said.

Proceeds from the sale are earmarked for investment in infrastructure after a new administration takes office in August 2014.

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