Afinia, a new subsidiary of the EPM Group, will commence electricity services in several Colombian departments on October 1st, marking a strategic expansion that aims to enhance the company’s market share to approximately 35%.
Target Information
Afinia, a subsidiary of the EPM Group, is set to commence electricity service provision starting October 1st, covering the regions of Bolívar, Cesar, Córdoba, Sucre, and select municipalities in Magdalena. This initiative marks a significant expansion for the EPM Group as it enters the regional energy market.
With the launch of Afinia, the EPM Group will enhance its market share in Colombia's energy sector to approximately 35%. This venture comes as a result of a comprehensive acquisition process involving rigorous assessments across various sectors, including legal, financial, technical, and regulatory aspects, culminating in the official closure of the transaction on September 30th.
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Industry Overview in Colombia
The Colombian energy sector has been experiencing transformative changes, with increased investments aimed at modernizing infrastructure and enhancing service reliability. The
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