August 6, 2021
Colombian state-owned oil company Ecopetrol considers a share sale a "good option" to finance the acquisition of government-backed holding company ISA, although it has not conditioned closing the deal on an equity offering, CEO Felipe Bayón said on Wednesday.
"We continue to work on that front," Bayón told analysts during a conference call to discuss second quarter results. "We believe that the equity offering is a good option that we have. It would be good for additional shareholders and it wil
Colombia's state-owned oil company plans to finance the acquisition with debt, but it could make an equity offering if the conditions are right, CEO says