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Recently, the Colombian government officially sold
its 32.
5% stake in telecommunications company Telefonica Colombia (Movistar).
Colombia's Ministry of Finance will launch an $800 million share sale program
.
Specifically, the Finance Department will sell a total of 1.
108 billion shares through a two-step public offering, priced at $
0.
71 per share.
In the first step, the shares will be given to employees, retirees, unions and pension funds affiliated with the telecommunications company, while the second step of the process is to sell the shares to the public
.
It is reported that the sale of shares of Telefonica Colombia will close
on October 3, 2018.
Recently, the Colombian government officially sold
its 32.
5% stake in telecommunications company Telefonica Colombia (Movistar).
Colombia's Ministry of Finance will launch an $800 million share sale program
.
Specifically, the Finance Department will sell a total of 1.
108 billion shares through a two-step public offering, priced at $
0.
71 per share.
In the first step, the shares will be given to employees, retirees, unions and pension funds affiliated with the telecommunications company, while the second step of the process is to sell the shares to the public
.
It is reported that the sale of shares of Telefonica Colombia will close
on October 3, 2018.
