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Home/News Feed/Ecopetrol launches tender offer to acquire 25% of Brava Energia shares at 20.9% premium in Brazil.
EC
$16.03
-$0.13 -0.80%

Ecopetrol launches tender offer to acquire 25% of Brava Energia shares at 20.9% premium in Brazil.

Company Fundamentals
26 May 2026
PRNewsWire
View Source
Bullish
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Ecopetrol's Brazilian subsidiary has initiated a voluntary tender offer to buy 116 million shares of Brava Energia, representing about 25% of the company, at R$23.00 per share, a 20.9% premium over the recent average price. This move is part of Ecopetrol's plan to gain a controlling 51% stake in Brava Energia, pending regulatory approvals and conditions. The offer will be open until June 25, 2026, with financing expected via a bridge loan. Completion of the acquisition aims to boost Ecopetrol's reserves, production, and financial metrics while expanding its footprint in Brazil and diversifying its assets.

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