(Ecopetrol, 1.Dec.2023) — On 30 Nov. 2023, Ecopetrol‘s Board of Directors approved maintaining investment levels between 23tn and 27tn Colombian pesos in 2024, aligning with the commitment to energy security and the […]
Tag: Interconexión Eléctrica
Moody’s Maintains Ecopetrol Rating
(Energy Analytics Institute, 1.Sep.2021) — Moody’s Investors Service affirmed the credit rating of Colombia’s state oil company Ecopetrol S.A. at Baa3 but changed its outlook from Stable to Negative. The […]
Ecopetrol closes ISA transaction
(Piero Stewart, Energy Analytics Institute, 20.Aug.2021) — Colombia’s state oil giant Ecopetrol S.A. announced on 20 Aug. 2021 that closing conditions set forth in the inter-administrative contract, dated 11 August, […]
Ecopetrol Gets Go Ahead For $4bn Loan For ISA Acquisition
(Ecopetrol, 16.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that by means of Resolution 1928 of 13 August 2021, the Ministry of Finance and Public Credit (MHCP) authorized the company […]
Ecopetrol To Pay $3.7bn For ISA Stake
(Ecopetrol, 11.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) informs that on 11 August 2021, it signed the Inter-administrative Share Purchase Agreement with the Colombian Ministry of Finance and Public Credit […]
Ecopetrol Extends Exclusivity Period Related To Potential ISA Acquisition
(Ecopetrol, 24.Jun.2021) — 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 […]
Investor’s Fear Colombia Pressured Ecopetrol
(Bloomberg, 28.Feb.2021) — The deal, as investors from Bogota to New York see it, has all the markings of a cash-strapped federal government forcing a state-run company to bail it […]
Ecopetrol Updates On Offer To Acquire ISA Stock
(Ecopetrol, 8.Feb.2021) — Ecopetrol S.A,, pursuant to the provisions set forth in Article 5.2.4.1.6 – Decree 2555/2010, does hereby confirm the information published in several media outlets that last 5 […]
Ecopetrol’s Bid For ISA Ratifies Govt Linkage
(Fitch Ratings, 28.Jan.2021) — Ecopetrol’s (BBB-/Negative) non-binding offer for the Colombian government’s 51.4% stake in Interconexion Electrica (ISA, BBB+/Negative) ratifies the company’s close linkage with the government, according to Fitch […]
Colombia Said To Review Divesting Stake In ISA
(Bloomberg, 6.Jan.2021) — Colombia’s government is reviewing plans to sell a stake in Interconexion Electrica SA that is attracting interest from publicly owned companies, according to people with direct knowledge […]
Opinion Favors Sale of Ecopetrol Stake in Eléctrica
(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 […]