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Home/News Feed/Ecopetrol to acquire 26% of Brazil's Brava Energia, aiming for 51% control via tender offer.
EC
$16.03
-$0.13 -0.80%

Ecopetrol to acquire 26% of Brazil's Brava Energia, aiming for 51% control via tender offer.

Company Fundamentals
23 Apr 2026
PRNewsWire
View Source
Bullish
pluang ai news

Ecopetrol S.A. announced an agreement to buy 26% of Brava Energia, a Brazilian oil and gas company, by acquiring 120.8 million shares. Brava, formed from a 2024 merger, operates offshore and onshore oil and gas fields in Brazil and reported an EBITDA of $806 million in 2025. Ecopetrol plans a voluntary tender offer at a 27.8% premium to gain a controlling 51% stake, pending regulatory approvals. This acquisition aligns with Ecopetrol's 2040 Strategy, expanding its presence in Brazil and enhancing production and cash flow.

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