May 26 (Reuters) – Colombia’s state oil company Ecopetrol launched a tender offer to acquire control of Brava Energia, the Brazilian energy firm said in a securities filing late on Monday.
- Offer covers 116.1 million common shares at 23 reais per share, a 15.4% premium over Brava’s Monday close
- Deal represents about 25% of Brava’s total share capital
- Ecopetrol would hold 51% of Brava’s shares, securing a majority control of the Brazilian company
- Companies announced the deal in April, when Ecopetrol purchased a 25% stake in Brava, triggering the tender offer
- Conclusion of the transaction will require approval from Brazil’s antitrust watchdog CADE
($1 = 5.0100 reais)
Brazil Energy Insight 
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