Ecopetrol Acquires Stake in Brazil’s Brava Energia to Expand Oil Operations
Ecopetrol, Colombia’s state-controlled oil company, has agreed to acquire a 26% equity stake in Brazil’s Brava Energia and plans to take majority control through a tender offer. The deal, valued at R$23 per share with a 28% premium, aims to strengthen Ecopetrol’s upstream portfolio and diversify its geographic footprint. Brava Energia, a major independent producer in Brazil, reported 81,000 barrels of oil equivalent per day in 2025.
Tickers: $EC
Topics: acquisition Brazil energy investment Latin America oil and gas