Opinion Favors Sale of Ecopetrol Stake in Eléctrica

Instant Max AI

(Ecopetrol S.A., 14.Apr.2015) – Ecopetrol S.A. announced that pursuant to the procedures required by Law 226 of 1995, the Council of Ministers has issued an opinion in favor of the planned sale of Ecopetrol’s equity stake in Interconexión Eléctrica S.A. E.S.P. which was approved by Ecopetrol’s Board of Directors.

Ecopetrol’s equity stake in Interconexión Eléctrica amounts to 58,925,480 shares of common stock (equivalent to 5.32% of the subscribed and paid-up shares). The proceeds from the planned sale will be used for financing Ecopetrol’s investment plan.

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