Ecopetrol Takes Control of Brava Energia in $1.2B Brazil Growth Bet

Impact · against what's priced in

Ecopetrol's acquisition of Brava Energia is a material positive catalyst that expands its production by 11% and reserves by 24%. The transaction is fundamentally accretive to revenue and EBITDA while keeping leverage within the company's strategic thresholds.

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In context

The completion of the $1.2 billion acquisition of a 51% stake in Brava Energia adds 11% to total output and 24% to 1P reserves, with a projected 7% increase in consolidated revenue and 8% in EBITDA.

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• energy▲14%
• oil
• m and a
• EC
• acquisition
• brazil
• ebitda
• gas
• hydrocarbons

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