Colombia to begin sale of Isagen majority stake

Colombia will on tuesday begin the sale of its majority stake in the nation's third-biggest electricity generator Isagen, as Deputy Finance Minister Andres Restrepo said.

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 2.014.