What is the price and premium of Ecopetrol's tender offer for Brava Energia shares, and how many shares does it cover?

Ecopetrol's tender offer covers 116.1 million common shares of Brava Energia at 23 reais per share, representing a 15.4% premium over Brava's closing share price on Monday.

What level of control will Ecopetrol gain over Brava Energia upon successful completion of the tender offer, and what prior stake did it hold?

Upon completion of the tender offer, Ecopetrol will hold 51% of Brava's shares, securing majority control; this follows its April acquisition of a 25% stake in Brava, which triggered the mandatory tender offer.

Ecopetrol files tender offer to take control of Brazil's Brava

May 26, 2026

Colombia's state oil company Ecopetrol launched a tender offer to acquire 51% control of Brazilian energy firm Brava Energia at 23 reais per share. The transaction requires approval from Brazil's antitrust watchdog CADE.

reuters

2026-04-23

Colombia's Ecopetrol to buy 26% stake in Brazil's Brava, seeks majority control

2026-04-27

Colombia's Ecopetrol Projects Up to 3 Trillion Pesos Profit in Q1

2026-05-26

Ecopetrol files tender offer to take control of Brazil's Brava

2026-07-17

Colombia's Ecopetrol Says Cyberattack Stole Data Tied to 3,300 Accounts

2026-09-15

Ecopetrol Approves Government-Backed Board Overhaul

Ecopetrol files tender offer to take control of Brazil's Brava

FAQ