Ecopetrol enters ISA talks

Ecopetrol enters ISA talks

M&A Corporate & Sovereign Strategy Colombia Andean Project & Infrastructure Finance Energy Electricity Pipelines Toll Road Highways

Colombia's state-owned oil company Ecopetrol said Tuesday that it had entered exclusive talks with the finance ministry to buy a controlling stake in the government-backed holding company ISA. Ecopetrol and the ministry have until June 30 to reach an agreement, unless both sides agree to extend the talks, the company said in a statement. Ecopetrol said last week that the finance ministry had accepted its non-binding offer to buy the government's 51.4% stake in ISA for an undisclosed amount. The

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