Committee Named For ISA Valuation

Instant Max AI

(Ecopetrol, 26.Mar.2021) — Ecopetrol S.A. reports that its Board of Directors, within the context of the potential acquisition of the 51.4% of the outstanding shares currently owned by the Ministry of Finance and Public Credit in ISA, approved today the establishment of a Special Committee that will act as a temporary mechanism to evaluate the valuation of ISA, the price range and/or the price of the potential transaction and make the necessary recommendations to the Board of Directors. The committee will be comprised of the following independent members of Ecopetrol’s Board of Directors:

  • Carlos Gustavo Cano
  • Sergio Restrepo
  • Esteban Piedrahita
  • Santiago Perdomo, who will chair the committee

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