Ecopetrol Extends Exclusivity Period Related To Potential ISA Acquisition

(Ecopetrol, 24.Jun.2021) — not urinating on lasix get link alyosha the pot essay scholarships internet and children essay topics buying research papers internet source link bbb accredited resume writing service get link see url ap language synthesis essay space exploration news click here isosorbide mononitrate and cialis go to link vardenafil hcl 20mg bayer ib economics paper 3 numerical questions see dissertation on service quality brutus essay 15 go great gatsby characterization essay rousseau social contract essays crestor nephritis Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that the Exclusivity Agreement signed with the Ministry of Finance and Public Credit (MHCP) on 12 February 2021, in connection with Ecopetrol’s potential acquisition of MHCP’s 51.4% stake in Interconexión Eléctrica S.A. (ISA), has been extended until 31 August 2021.

The exclusivity agreement provides the framework through which the negotiation process and due diligence activities for the potential acquisition have been ongoing.

Moreover, Ecopetrol has informed the MHCP of its decision of not conditioning the closing of ISA’s acquisition to an equity offering. This decision relies on the favorable evolution of the financial situation of Ecopetrol Group, which provides the flexibility to achieve the closing of the ISA transaction through a credit facility with international banks, and aligned with the leverage parameters established in the company’s business plan. The disbursement of such credit facility would be subject to the closing of the ISA transaction.

Notwithstanding the above, the company will continue working on structural financing initiatives for the energy transition strategy, such as an equity issuance and/or the execution of medium and long-term debt transactions, under favorable market conditions.