# Bogotá Power Group Targets 450 Million Shares

> Bogotá's city-owned power company seeks shareholder approval for 450 million new shares to fund a U.S. listing.
- Title: Bogotá Power Group Targets 450 Million Shares · The Rio Times
- Summary: Bogotá's city-owned power company seeks shareholder approval for 450 million new shares to fund a U.S. listing.
- Keywords: grupo energia bogota, bogota, colombia, share issue, us listing, shareholder meeting, 450 million shares, bogota distrito capital, us securities and exchange commission, The Rio Times
- Source: The Rio Times — https://riotimesonline.com/geb-bogota-utility-seeks-450-million-new-shares
- Author: Richard Mann
- Published: 2026-11-13T23:42:19+00:00
- Read time: 1 min
- Topics: grupo energia bogota, bogota, colombia, share issue, us listing, shareholder meeting, 450 million shares, bogota distrito capital, us securities and exchange commission, news, world, politics
## GEB Proposes Share Issue
Grupo Energía Bogotá will ask shareholders to approve issuing up to 450 million new ordinary shares on 30 November 2026.
## Share Issue Details
The proposal represents about 4.9% of GEB's current 9.18 billion shares, with the city of Bogotá holding 65.68% of the company.
## City Controls GEB
Bogotá Distrito Capital, the city government, owns 6.03 billion shares, or 65.68% of GEB's total shares.
## US Listing Preparation
GEB secured approval on 28 September 2026 to register with the US Securities and Exchange Commission for American depositary receipts.
## Share Issue Terms
The company will set the price, number of shares, and timing later, without preemptive rights for existing shareholders.
## What's Next
GEB will publish meeting documents by 30 November 2026, with no confirmed date for the share sale or placement.
## Key takeaway

Grupo Energía Bogotá will issue up to 450 million shares by 30 November 2026 to prepare for a U.S. stock market listing.