Colombian Stocks: Corp. Financiera Colombiana, Petrominerales

The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 11:56 a.m. New York time.

The IGBC Index fell 0.7 percent to 13,425.16, while the Colcap Index dropped 0.8 percent to 1,631.81.

Corp. Financiera Colombiana SA (CORFICOL CB), the financial-services and holding company with investments in the construction industry, rose 1.1 percent to 35,400 pesos.

Empresas Copec SA, Chile’s largest forestry company, agreed to buy a 7.85 percent stake in Sociedad de Inversiones en Energia SA from Corficolombiana, as the company is known, at 12,700 pesos each for a total of 184 billion pesos ($102 million).

Petrominerales Ltd. (PMG) , a Calgary-based oil company with production and exploration in Colombia, fell 2.3 percent to 56,300 pesos. The company, government officials and local residents will hold a meeting Sept. 9 aimed at ending a protest that cut the company’s Colombian oil production, Portafolio reported.

To contact the reporter on this story: Blake Schmidt in Bogota at

To contact the editor responsible for this story: David Papadopoulos at

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