Ecopetrol Agrees to Acquire Roughly 26% of Brazil’s Brava, Eyes Path to Control
Ecopetrol has struck a deal to purchase about a 26% stake in Brazilian energy firm Brava and plans a public tender offer on Brazil's B3 exchange to build a controlling position. The proposed offer would value Brava shares at 23 reais each, a 27.8% premium to the company’s 90-day volume-weighted average price. The transaction requires sign-off from …