Ecopetrol leans on loan for ISA deal

Ecopetrol leans on loan for ISA deal

M&A Corporate & Sovereign Strategy Equity Energy Electricity Pipelines Oil Toll Road Highways Colombia

Colombia's state-owned oil company Ecopetrol said Thursday that it could close the acquisition of a controlling stake in government-backed holding company ISA with a loan from international banks, no longer pinning the deal to a share sale.  The company previously indicated it would sell $1.5 billion to $2.5 billion worth of shares and take out $1 billion to $2.5 billion in debt to fund the acquisition. But now it has the "flexibility" to close a deal with just a loan due to "the favorable evolu

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