Business
Ecopetrol enters into an Agreement to acquire an equity stake in Brava Energia S.A. a company domiciled in Brazil
Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby announces that on April 23, 2026, it entered into a Share Purchase Agreement with Jive, Yellowstone and Bloco Somah Printemps Quantum, which together constitute a group of significant shareholders holding approximately 26% of the outstanding common shares of the Brazilian company Brava Energia S.A. (B3: BRAV3) ("Brava"), for the acquisition by Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, of 120,813,490 shares
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Colombia, April 23, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby announces that on April 23, 2026, it entered into a Share Purchase Agreement with Jive, Yellowstone and Bloco Somah Printemps Quantum, which together constitute a group of significant shareholders holding approximately 26% of the outstanding common shares of the Brazilian company Brava Energia S.A. (B3: BRAV3) ("Brava"), for the acquisition by Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, of 120,813,490 shares of Brava, representing approximately 26% of Brava's share capital.","length":630,"tagName":"p"},{"type":"image","alt":"Ecopetrol Logo.","displaySize":"","headline":null,"caption":"Ecopetrol Logo.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/prnewswire.com/64c1ec96f8270155ad7ed5540c6b4ea8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tPcUM1yMv2lJleRY68oH6g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OQ--/https://media.zenfs.com/en/prnewswire.com/64c1ec96f8270155ad7ed5540c6b4ea8","width":400,"height":141}}},{"type":"text","content":"Brava was incorporated in 2024 from the merger between 3R Petroleum Óleo e Gás S.A. and Enauta Participações S.A., two oil and gas companies operating in Brazil. Brava currently conducts crude oil and natural gas production activities in offshore and onshore fields across multiple basins in Brazil as well as participates in the midstream and downstream segments. As of December 2025, according to Brava's public information, the Company reported EBITDA of USD 806 million, with an EBITDA margin of 39%. Brava is positioned as the second-largest independent company listed in the Brazilian market in terms of reserves and production.","length":638,"tagName":"p","attribs":{}},{"type":"text","content":"The completion of this transaction is subject to certain customary conditions precedent, including, among others, approval by Brazil's Administrative Council for Economic Defense (CADE), the grant of certain waivers and consents considering Brava's financing instruments and relevant commercial agreements, as well as the purchase by Ecopetrol S.A., or one of its affiliates or subsidiaries within the Ecopetrol Group, of the number of shares required to achieve a 51% contr...