Ecopetrol informs that it signed an Inter-administrative share purchase agreement with the Colombian Ministry of Finance and Public Credit through which it acquires a 51.4% stake in ISA
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Ecopetrol informs that it signed an Inter-administrative share purchase agreement with the Colombian Ministry of Finance and Public Credit through which it acquires a 51.4% stake in ISA
Aug 11, 2021
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the “Company”) informs that on August 11, 2021, it signed the Inter-administrative Share Purchase Agreement (“the InterAdministrative Agreement”) with the Colombian Ministry of Finance and Public Credit (“MHCP”), through which the Company acquires 569,472,561 shares of Interconexión Eléctrica S.A. ESP (“ISA”), equivalent to 51.4% of its outstanding shares, which represents 100% of the stake that MHCP has in ISA.
The price agreed is COP$25,000 per share.
From this day onwards, the necessary procedures will be carried out towards the closing of the transaction.
In order to give further details about the transaction, Ecopetrol will hold two conference calls, one in Spanish and the other one in English, on August 12, 2021. Please find below the timing, dial-in and links to access to the conferences:
- English Conference Call - 1:00 p.m. Colombia time, 2:00 p.m. New York time
- Spanish Conference Call - 2:30 p.m. Colombia time, 3:30 p.m. NY time
To access to the webcast, you must provide your contact information (name and company). The following connection links will be available:
- English: https://ecopetrol2.webex.com/ecopetrol2/j.php?MTID=mc119b1e678c2ba581cbb783002a05ab2
- Spanish: https://ecopetrol2.webex.com/ecopetrol2/j.php?MTID=m617e07ad463f1866e3212d5f89d58131
To participate in the Q&A session, please enter here (in the upper right corner of the form you can select the language of your preference): https://forms.office.com/r/87Q0dc9wmc
Please verify in advance the proper operation of the webcast in your browser. We recommend the usage of the latest versions of Internet Explorer, Google Chrome y Mozilla Firefox.
The press release and the call recording will be available on Ecopetrol’s website: www.ecopetrol.com.co.
Bogotá D.C., August 11, 2021
