Ecopetrol bids for majority control of Brazil's Brava
Colombia's Ecopetrol launched a tender offer for majority control of Brava Energia at 23 reais per share. The transaction awaits antitrust approval in Brazil.
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ECOPETROL SA-SPONSORED ADR launched a tender offer for 116.1 million BRAVA ENERGIA shares at 23 reais each. The offer represents a 15.4% premium over the Monday close for the energy firm in Brazil. This deal secures 51% majority control for the state oil giant from Colombia.
