EEB Declines After Radio Report About Merger Tweet: Bogota Mover
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Empresa de Energia de Bogota SA, the electricity provider in Colombia’s capital, dropped to a one-month low after W Radio reported the company’s newly appointed president had mentioned on his personal Twitter account a plan to merge city-controlled utilities.
Shares fell 2.2 percent to 1,330 pesos at 2:35 p.m. in Bogota, headed for its lowest closing price since Jan. 2. The company, which was added to the Colcap index last week, has rallied 4.3 percent this year.