Ecopetrol Brasil completes auction to acquire 25% of Brava Energia shares, moving towards controlling stake.

Ecopetrol's Brazilian subsidiary successfully completed a voluntary tender offer to acquire 116 million shares of Brava Energia, representing about 25% of the company, at R$23.00 per share. This auction completion is a key step toward Ecopetrol Brasil gaining a controlling interest of approximately 51% in Brava. The transaction will be initially financed through a short-term credit facility, with plans for refinancing via long-term debt and equity. This acquisition expands Ecopetrol's presence in the Brazilian energy market and aligns with its strategic growth goals in the Americas.