Ecopetrol Informs About Dutch Court and Restructuring Process of CB&I N.V.

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(Ecopetrol, 22.Mar.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Refinería de Cartagena S.A.S. (Reficar) has been notified of the decision to approve the alternative financial restructuring plan of Chicago Bridge & Iron Company N.V. (CB&I N.V.), reached on 21 Mar. 2024, by the District Court of Amsterdam in the Netherlands, in charge of the restructuring process initiated on 8 Sep. 2023 by McDermott International Ltd., on behalf of its subsidiary, CB&I N.V.

Under the plan, presented by an independent expert appointed by the court, Reficar will receive, among other things, convertible preferred shares representing 19.9% of the share capital of McDermott, holding company of a group of entities with presence in more than 54 countries which specialize in engineering services for the energy industry and low-carbon solutions and which includes CB&I N.V.

With this judicial decision, Reficar has been able to assert its rights and those of Colombia.


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