Ecopetrol wins auction to buy 25% stake in Brava Energia for R$ 23 a share
Reuters2026/08/05 20:59- Ecopetrol’s Brazilian unit completed the auction for a tender offer to buy 116,110,717 Brava Energia shares, about 25%, at R$ 23 per share.
- Settlement and payment are scheduled for Aug. 17, 2026.
- The purchase supports a broader plan to take about 51% of Brava’s voting share capital, adding a separate deal for roughly 26%.
- Initial funding is expected via a short-term bridge facility, with refinancing planned through long-term debt and equity contributions.
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