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ETB Establishment Investment Trust Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
Establishment Investment Trust Plc LSE:ETB London Ordinary Share GB00BKC5RN42 ORD 25P B RIGHTS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Colombia Court Tells ETB To Suspend Controlling-Partner Search

22/09/2009 4:10pm

Dow Jones News


Establishment Investment (LSE:ETB)
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A Colombian court ordered state-owned telephone company Empresa de Telecomunicaciones de Bogota SA (ETB.BO) to temporarily suspend the process of seeking a controlling partner, sending its share price down 11%.

The court ordered the suspension after the labor union of ETB's workers sued the company to oppose the partial privatization, the company said Tuesday in a filing to the local market regulator.

The company said it will appeal the decision.

Last week, ETB had delayed the auction to pick the new controlling partner to Dec. 21 instead of Oct. 16.

Shares of ETB were down 11% to 1,040 Colombian pesos (54 cents) at 10:31 a.m. EDT.

-By Inti Landauro, Dow Jones Newswires; 57-1-610-70-44, ext. 1131; colombia@dowjones.com

 
 

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