August 10, 2021 |
Colombian state-owned oil company Ecopetrol may take out a loan from an international bank to finance the acquisition of a majority stake in ISA, a holding company with interests in energy, according to CEO Felipe Bayón.
"There is an appetite for lending to Ecopetrol because we are a very solid company and that is relevant in the bank credit market," Bayón told El Tiempo newspaper in Colombia in an interview published on Sunday.
The company has made a binding offer to buy the government’s 51.4%
Colombian oil company would use the money to buy a controlling stake in the holding company