Ecopetrol acquires 51% of Brava Energia for $1.2B, boosting its presence in Brazil's energy market.

Ecopetrol, through its subsidiary Ecopetrol Investimentos, completed the acquisition of a 51% controlling stake in Brava Energia for approximately $1.2 billion. This strategic move expands Ecopetrol's footprint in Brazil, enhancing its portfolio with substantial reserves and production capacity, including about 459 million barrels of proved reserves and daily production near 79,000 barrels of oil equivalent. The acquisition aligns with Ecopetrol's growth and diversification strategy, aiming to generate long-term value for shareholders. A conference call is scheduled for August 25, 2026, to provide further details on the transaction.