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PR Newswire·

Ecopetrol advances in the acquisition of an equity stake in Brava Energia S.A. through the launch of a tender offer in Brazil

EC
  • Ecopetrol's Brazilian subsidiary launched a voluntary Tender Offer on B3 to acquire 116,110,717 shares of Brava Energia S.A. at R$23.00 per share.
  • The offer represents approximately 25% of Brava's outstanding shares and includes a premium of roughly 20.9% over the 90-day VWAP.
  • This transaction is part of a prior April 23, 2026 announcement aimed at securing a 51% controlling voting interest in Brava.
  • The Tender Offer remains open until June 25, 2026, when an auction will occur.
  • The deal is subject to regulatory approvals, conditions precedent, and financing via a bridge loan.
  • Completion is expected to boost Ecopetrol's reserves, production, EBITDA, ROACE, and international portfolio presence in Brazil.
  • Ecopetrol holds leading positions in Colombia's hydrocarbon sector and has existing energy transmission assets in Brazil through its ISA subsidiary.