BOGOTA, Colombia, Feb. 8, 2021 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROLNYSE: EC), pursuant to the provisions established forth in Posting 220.127.116.11.6 – Decree 2555/2010, does hereby verify the information and facts published in a number of media outlets that past February 5, 2021, been given a published conversation issued by the Ministry of Finance and Public Credit rating, whom, between other issues, declared that:
- They agree to sign an exclusivity contract with Ecopetrol pursuant to which, for the duration of the initial fifty percent of 2021, Ecopetrol will be necessary to consummate the bid it submitted on January 27, 2021 to purchase 51.4% of the outstanding shares of ISA below an Inter-Administrative Agreement.
- They reserve the correct to suggest changes to the selling price vary topic to the benefits of the appraisal and thanks diligence procedures that it undertakes in parallel to Ecopetrol.
Ecopetrol is Colombia’s major company and is an integrated oil company that is amid the 50 greatest in the planet and the 4 most significant in Latin The united states. In addition to Colombia, where it generates more than 60% of the country’s creation, it is active in exploration and creation in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol operates the biggest refinery in Colombia, most of the country’s oil-pipeline and polyduct community and is significantly increasing its share of bio-fuels. This push release has statements relating to small business prospective buyers, estimates of running and fiscal benefits, and Ecopetrol’s growth potential customers. All are projections, and as a result are based exclusively on management’s expectations of the firm’s future and its continual access to money to finance its revenue plan. Obtaining these estimates in the future is dependent on its general performance less than offered industry situations, restrictions, competitors, the performance of the Colombian overall economy and marketplace, and other things consequently, they are topic to modify without the need of prior see.
For further particulars, be sure to contact:
Head of Capital Marketplaces
Juan Pablo Crane
Email: [email protected]
Media Engagement (Colombia)
Jorge Mauricio Tellez
Mobile phone: + 571-234-4329
E-mail: [email protected]
Supply Ecopetrol S.A.