EPM to Reorganize Central American Subsidiaries

Empresas Públicas de Medellín (EPM) will consolidate its subsidiaries into one or two companies in Panama.

Tuesday, August 28, 2012

A press release from Empresas Públicas de Medellín (EPM) states:

In order to simplify, optimize and streamline the international corporate structure of the EPM Group, the board of the EPM approved during its meeting on Wednesday the implementation of a reorganization project for several of the companies located in Panama, Guatemala, El Salvador and the Cayman Islands.

This restructuring, which will take place gradually, may include operations such as change of address, merger, transformation, transfer, contribution or liquidation of some of the companies. Initially the composition of the Group companies in Guatemala and El Salvador will be reorganized, and then those in Panama. Currently, these companies are grouped into different holdings.

The General Manager of EPM, Juan Esteban Calle Restrepo, explained that the current corporate structure is the result of the acquisitions of the previous owners, and that this initiative is to organize holding companies corporately.

More on this topic

Colombian Investments in Central America

January 2011

EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million.

The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law.

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