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Brookfield, Canada’s largest alternative asset manager, presented a bid of 4,130 pesos per share at the auction Wednesday at the stock exchange building in Bogota amid protests over the privatization that blocked one of the city’s main roads. The price matched the minimum set by the Colombian government, said The Globe and Mail. Brookfield ended up as the sole bidder, as Chilean electric utility Colbun pulled out of the auction earlier this week. The bidding process had started in 2013, but was delayed by lawsuits. The political opposition, both on the right and left, called on President Juan Manuel Santos’s administration to scrap the power company’s sale. ISAGEN S.A. E.S.P., a mixed public utility company, generates and sells electrical energy in Colombia. It owns and operates six hydroelectric power plants, as well as a thermoelectric power plant, with a generating capacity of 3,000 MW. The company also sells natural gas through networks; and coal, steam, and other energy resources for industrial use. The company is headquartered in Medellín, Colombia. Brookfield Asset Management Inc. is a publicly owned asset management holding company, with approximately $225 billion in assets under management. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Its property business include owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending; alternative assets funds; and financial and advisory services. Through its power generation business the Brookfield operates hydroelectric power facilities, interconnections and transmission facilities in Northeast North America, and development of wind power in Canada. Through its funds and private capital business the firm invests in specialty funds including private equity and makes direct investments in real estate, energy, and resource assets. It also makes investments in privately held investment management and equity and fixed income mutual funds. The firm was formerly known as Brascan Corp. Brookfield is based in Toronto, Canada with additional offices across North America, South America, Europe, Asia, and Australia.]]>