BOGOTA, April 7 (Reuters) - Colombia’s state-run oil company Ecopetrol sold a portion of its shares in electricity company ISA on Thursday, raising 377 billion pesos ($122 million) for its investment plan.
The oil company said in a statement it had sold more than 45.3 million shares for 8,325 pesos each. Before the sale Ecopetrol owned 5.32 percent of ISA’s shares.
The oil company will sell its remaining 13.6 million shares in the coming days, part of an effort to raise funds amid the global plunge in crude prices.
ISA shares were trading at 8,350 pesos on the Colombian stock exchange on Thursday, down 1.18 percent compared to the previous day.
ISA is majority-owned by the Colombian government and operates in Colombia, Brazil, Chile, Bolivia, Peru, Ecuador, Argentina and Central America.
$1 = 3,081.39 Colombian pesos Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Sandra Maler