{"id":521092,"date":"2021-08-02T07:18:02","date_gmt":"2021-08-02T11:18:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/"},"modified":"2021-08-02T07:18:02","modified_gmt":"2021-08-02T11:18:02","slug":"ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/","title":{"rendered":"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s controlling stake in ISA"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">BOGOT\u00c1, Colombia\u00a0<\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 2, 2021<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the meeting held on <span class=\"xn-chron\">Friday July 30, 2021<\/span>, its Board of Directors authorized the Legal Representative of the Company to submit a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s\u00a051.4%\u00a0stake of\u00a0the outstanding shares of\u00a0Interconexi\u00f3n\u00a0El\u00e9ctrica S.A.\u00a0E.S.P &#8211; ISA.\u00a0The binding offer was submitted that same\u00a0day\u00a0within the terms approved by the Board of Directors.<\/p>\n<div id=\"prni_dvprnejpgac1bleft\" dir=\"ltr\" style=\"width: 100%;text-align: left\">\n        <img decoding=\"async\" id=\"prnejpgac1bleft\" style=\"width: 400px;height: 141px\" title=\"Ecopetrol Logo\" src=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg\" alt=\"Ecopetrol Logo\" align=\"middle\" \/>\n      <\/div>\n<p>Ecopetrol is currently waiting for the response from the Ministry of Finance and Public Credit, which, once received,\u00a0will be timely informed to the market.<\/p>\n<p>\n        <i>Ecopetrol is the largest company in <span class=\"xn-location\">Colombia<\/span> and one of the main integrated oil and gas conglomerates in <span class=\"xn-location\">Latin America<\/span>, with more than 13,000 employees. It accounts\u00a0for more than 60% of the hydrocarbon production in <span class=\"xn-location\">Colombia<\/span>, and it owns the largest refineries and most of the\u00a0country&#8217;s oil-pipelines and multi-purpose pipelines\u00a0network.\u00a0It also participates in the commercialization of energy and in the distribution of gas. At the international level, Ecopetrol focuses on strategic basins on the American continent, with E&amp;P operations in <span class=\"xn-location\">the United States<\/span> (the Permian basin and\u00a0the\u00a0Gulf\u00a0of <span class=\"xn-location\">Mexico<\/span>), <span class=\"xn-location\">Brazil<\/span> and Mexico.\u00a0This press release contains statements relating to business prospects, estimates of operating and financial results, and\u00a0Ecopetrol&#8217;s\u00a0growth prospects. All are projections, and therefore are based solely on management&#8217;s expectations of the company&#8217;s future and its continuous access to capital to finance its sales plan. Achieving these estimates in the future depends on its performance under given market conditions, regulations, competition, the performance of the Colombian economy and industry, and other factors; therefore, they are subject to change without prior notice.<\/i>\u00a0<\/p>\n<p>\n        <b>For further details, please contact:<\/b>\u00a0<\/p>\n<p>\n        <b>Head of Capital Markets (A)<\/b>\u00a0<br \/>Lina Mar\u00eda <span class=\"xn-person\">Contreras Mora<\/span><br \/>Phone: +571-234-5190\u00a0<br \/>Email:\u00a0<u><a href=\"mailto:investors@ecopetrol.com.co\" target=\"_blank\" rel=\"nofollow noopener\">investors@ecopetrol.com.co<\/a><\/u>\u00a0<\/p>\n<p>\n        <b>Media Engagement (<span class=\"xn-location\">Colombia<\/span>)<\/b>\u00a0<br \/><span class=\"xn-person\">Alexandra Santamaria Molano<\/span><br \/>Phone: + 571-234-4329\u00a0<br \/>Email:\u00a0<u><a href=\"mailto:alexandra.santamaria@ecopetrol.com.co\" rel=\"nofollow\">alexandra.santamaria@ecopetrol.com.co<\/a><\/u><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MX61435&amp;sd=2021-08-02\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa-301345960.html\">https:\/\/www.prnewswire.com\/news-releases\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa-301345960.html<\/a><\/p>\n<p>SOURCE  Ecopetrol S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=MX61435&amp;Transmission_Id=202108020714PR_NEWS_USPR_____MX61435&amp;DateId=20210802\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BOGOT\u00c1, Colombia\u00a0, Aug. 2, 2021 \/PRNewswire\/ &#8212;\u00a0Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the meeting held on Friday July 30, 2021, its Board of Directors authorized the Legal Representative of the Company to submit a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s\u00a051.4%\u00a0stake of\u00a0the outstanding shares of\u00a0Interconexi\u00f3n\u00a0El\u00e9ctrica S.A.\u00a0E.S.P &#8211; ISA.\u00a0The binding offer was submitted that same\u00a0day\u00a0within the terms approved by the Board of Directors. Ecopetrol is currently waiting for the response from the Ministry of Finance and Public Credit, which, once received,\u00a0will be timely informed to the market. Ecopetrol is the largest company in Colombia and one of the main integrated oil and gas conglomerates in Latin America, with more than 13,000 employees. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s controlling stake in ISA&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521092","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#039;s controlling stake in ISA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#039;s controlling stake in ISA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BOGOT\u00c1, Colombia\u00a0, Aug. 2, 2021 \/PRNewswire\/ &#8212;\u00a0Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the meeting held on Friday July 30, 2021, its Board of Directors authorized the Legal Representative of the Company to submit a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s\u00a051.4%\u00a0stake of\u00a0the outstanding shares of\u00a0Interconexi\u00f3n\u00a0El\u00e9ctrica S.A.\u00a0E.S.P &#8211; ISA.\u00a0The binding offer was submitted that same\u00a0day\u00a0within the terms approved by the Board of Directors. Ecopetrol is currently waiting for the response from the Ministry of Finance and Public Credit, which, once received,\u00a0will be timely informed to the market. Ecopetrol is the largest company in Colombia and one of the main integrated oil and gas conglomerates in Latin America, with more than 13,000 employees. &hellip; Continue reading &quot;Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s controlling stake in ISA&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-02T11:18:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s controlling stake in ISA\",\"datePublished\":\"2021-08-02T11:18:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\\\/\"},\"wordCount\":356,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95646\\\/ecopetrol_s_a__logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\\\/\",\"name\":\"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit's controlling stake in ISA - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/","og_locale":"en_US","og_type":"article","og_title":"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit's controlling stake in ISA - Market Newsdesk","og_description":"PR Newswire BOGOT\u00c1, Colombia\u00a0, Aug. 2, 2021 \/PRNewswire\/ &#8212;\u00a0Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that during the meeting held on Friday July 30, 2021, its Board of Directors authorized the Legal Representative of the Company to submit a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s\u00a051.4%\u00a0stake of\u00a0the outstanding shares of\u00a0Interconexi\u00f3n\u00a0El\u00e9ctrica S.A.\u00a0E.S.P &#8211; ISA.\u00a0The binding offer was submitted that same\u00a0day\u00a0within the terms approved by the Board of Directors. Ecopetrol is currently waiting for the response from the Ministry of Finance and Public Credit, which, once received,\u00a0will be timely informed to the market. Ecopetrol is the largest company in Colombia and one of the main integrated oil and gas conglomerates in Latin America, with more than 13,000 employees. &hellip; Continue reading \"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s controlling stake in ISA\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-02T11:18:02+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit&#8217;s controlling stake in ISA","datePublished":"2021-08-02T11:18:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/"},"wordCount":356,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/95646\/ecopetrol_s_a__logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ecopetrol-submits-a-binding-offer-to-acquire-the-ministry-of-finance-and-public-credits-controlling-stake-in-isa\/","name":"Ecopetrol submits a binding offer to acquire the Ministry of Finance and Public Credit's controlling stake in ISA - 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