EC is trading 5.9% up today at $14.67 after announcing a voluntary tender offer for a 25% stake in Brazilian power company Brava Energia.
- The deal, launched by Ecopetrol’s Brazilian subsidiary at R$23.00 per share, is part of a strategic move to secure a 51% controlling interest.
- Investors are reacting positively to the expansion of the company's high-growth asset base in the Brazilian energy sector.