Ecopetrol takes Brava Energia under its wing in $1.2 billion Brazil expansion move
Ecopetrol, Colombia's state-owned oil and gas company, has acquired a 51% stake in Brazil's Brava Energia for $1.2 billion, funded by an intercompany loan. The deal expands Ecopetrol's footprint in Brazil's energy market, adding reserves and production capacity, according to the company.




