EPM begins the process of selling its shares in UNE, as established in Law 226 de 1995
- Fecha de publicación
- 2025-10-09 00:00
- Contenido
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Medellín, Thursday, October 9, 2025 (@EPMestamosahi) | Today, EPM published the notice of offering of the first stage to begin on Friday, October 10, 2025 the process of disposal of its shareholding in UNE EPM Telecomunicaciones S.A. (UNE), equivalent to 50.00001% of the subscribed and paid-in capital of said company, after obtaining authorization from the Financial Superintendence of the temporary registration of said shares in the National Registry of Securities and Issuers ( RNVE).
This authorization allows EPM to initiate the first stage aimed at the recipients of special conditions, among whom are: active and retired workers of the company, associations of employees or former employees, workers' unions, employee funds, unemployment and pension funds and cooperative entities, among others, according to the list contained in Article 3 of Law 226 of 1995 and Law 798 of 2002.
In compliance with the mechanisms of wide publicity and free competition established by this Law, and for the understanding of the public offer of sale in the first stage, as of today the notice of offer of the first stage is available in two national newspapers. Likewise, on the website (available only in Spanish): Enajenación de acciones de EPM en UNE those interested in acquiring these shares will be able to find the Company's information and all the documents of the process, such as the program and the regulations for the sale of the first stage, UNE's information prospectus and the announcement of the offer of the first stage, so that they can carry out their own analyses and submit acceptances to purchase shares in the company.
It is important to note that, in the event that EPM does not manage to dispose of all its shares during the first stage, the remaining shares will be offered in the second stage of the process, which will be aimed at the public in general, that is, any natural or legal person may participate and submit offers, as established in the regulations issued for that stage.
However, if, after exhausting the second stage, EPM continues to own UNE shares, these must be offered to Millicom by virtue of its right of pre-emption established in the bylaws and in the UNE Shareholders' Agreement. If Millicom does not exercise this right, EPM may subsequently link it to the sale process by which all the shares owned by both shareholders would be offered to the public.
EPM is and will continue to be a 100% state-owned company at the service of the people and will continue with its higher purpose of contributing to the harmony of life for a better world, through the transformation of the territories in which it has a presence, contributing to the quality of life of millions of people and sustainable human development.