EPM awarded Millicom Colombia Holding S.A.S. 100% of its shares in UNE
- Fecha de publicación
- 2026-01-30 00:00
- Contenido
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- In the Second Stage, 5,014,958 shares were awarded to Millicom Colombia Holding S.A.S.
- The Successful Bidder has 5 business days to make the payment to EPM
EPM awarded Millicom Colombia Holding S.A.S., a company of the Millicom Group, the total of its shares in UNE, in the Adjudication Hearing held this Tuesday, January 27, in accordance with the process stipulated in the Disposal Regulations of the Second Stage, as established in Law 226 of 1995.
In the Second Stage of this disposal process, EPM received only one Prequalification Envelope, which complied with all the requirements established in the Regulations. The Purchase Proposal submitted was equivalent to the minimum sale price approved by EPM's Board of Directors and established in the Disposal Program, i.e., COP 418,741 for each of the 5,014,958 shares, which represents a total value of COP 2,099,968,527,878.
EPM accepted this proposal and awarded all the shares to Millicom Colombia Holding S.A.S., which has 5 business days, counted from this Wednesday, January 28, to make the payment of the shares.
Once EPM validates and confirms that the money from the sale was received, the Company will request UNE to register Millicom Colombia Holding S.A.S. in the Shareholders' Registry Book. With this, the effective transfer of the shares will be configured, and the disposal process will be completed.
The Disposal Process
In the First Stage of the sale process that was in force for 2 months, and which was aimed exclusively at the recipients of special conditions, as established in Law 226 of 1995, EPM awarded 77 shares to 11 new shareholders, including natural persons and legal entities.
Subsequently, the remaining shares were offered to the public and the Second Stage of the disposal process began with the publication of the Notice of Initiation of the Second Stage, on December 30, 2025, which was intended to regulate some aspects of this Stage and, in particular, to set the date of the Award Hearing for January 27, 2026.
Within the framework of this Second Stage, the Prequalification Process was completed, in which EPM invited the Interested Parties to acquire the Remaining Shares to enter the Information Room, arranged in www.epm.com.co, to facilitate the work of access, evaluation and analysis of UNE's information and the rules to carry out said Second Stage. The Prequalification period was in effect between November 17, 2025, and January 7, 2026.
EPM, through the BTG Pactual Investment Bank, contacted 22 potential investors so that they could access the Information Room and validate their interest in the UNE Shares, in order to seek interested parties in participating in the purchase of the shares during the Second Stage. However, 21 of them did not submit an envelope for prequalification.
At this stage, EPM received only the Prequalification Envelope presented by Millicom Colombia Holding S.A.S., which complied with all the requirements, a circumstance that allowed it to be confirmed as a Prequalified Investor and to be able to present the Economic Offer Envelope at the Award Hearing.
In the event of the effective closing of this sale, i.e. if the payment of the shares is confirmed within the established period, there will be no changes in UNE's control, since the Millicom Group has been the controlling shareholder since 2014.
EPM, as the owner of the shares, had a team of world-class external advisors with extensive experience in this type of transactions and in disposal processes as established in Law 226 of 1995, in order to ensure that the process of valuation and sale of the shares had all the technical, legal and financial support that was required.
The Company complied with all the requirements demanded by the Financial Superintendence of Colombia to carry out the temporary registration of the shares in the National Registry of Securities and Issuers and execute the disposal process.
EPM ratifies its commitment to sustainability and the care of public resources. The Company is and will continue to be 100% public entity, contributing to the development of the territories in which it has a presence and to the well-being and quality of life of the community.
