Ecopetrol to Acquire 26% Stake in Brava Energia
Ecopetrol, Colombia's state-run petroleum company, has signed a share purchase agreement to acquire a 26% stake in Brava Energia, a Brazilian oil and gas producer. The deal could eventually lead to a majority stake, with Ecopetrol planning a tender offer to reach 51% ownership. The transaction is subject to regulatory approvals and other conditions.
Tickers: $EC
Topics: acquisition Brava Energia Brazil Colombia Ecopetrol oil and gas share purchase agreement