Colombia seeks $1 billion Ecopetrol dividend, amid massive civil unrest

Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations.

The finance ministry called a meeting of shareholders to discuss its proposal for the company to distribute 3.7 trillion pesos ($1.1 billion) in a special dividend. Since the Colombian state owns 88.5% of the company, it can win any vote, and its share of the payment would total about $920 million.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.