Colombian Stocks: Banco de Bogota Advances; EEB, ETB Decline

The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 11:52 a.m. local time.

The IGBC Index (IGBC) rose 0.6 percent to 13,091.26, while the Colcap Index gained 0.4 percent to 1,592.91.

Banco de Bogota SA (BOGOTA) , Colombia’s second-biggest lender, rose 2 percent to 48,960 pesos.

Officials from Banco de Bogota plan to meet with bond investors in the U.S., the U.K. and South America beginning tomorrow, a person familiar with the matter said Dec. 2.

Citigroup Inc., HSBC and JPMorgan Chase & Co. are arranging the meetings in London, Santiago, Boston, Lima, New York and Los Angeles, said the person, who asked not to be identified because he isn’t authorized to speak publicly.

Empresa de Energia de Bogota SA (EEB) , Colombia’s second-biggest electricity distributor, sank the most in two years after Bogota’s mayor-elect Gustavo Petro said he plans a merger with other public companies.

Shares of EEB, as the city-controlled company is known, fell 7.1 percent to 1,170 pesos. The plunge is the biggest since November 2009.

Empresa de Telecomunicaciones de Bogota SA (ETB) , the city-run phone company serving Colombia’s capital, fell 1.7 percent to 461 pesos.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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