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