Colombian state-owned Ecopetrol closed an agreement to buy 26% of Brava Energia for R$23 per share, paying R$2.77 billion. The company will launch a public offer to reach 51% control of the Brazilian oil company.
Brava Energia emerged from the merger between Enauta and 3R Petroleum in August 2024, creating an oil company with a shareholder base dominated by financial asset managers and banks rather than typical oil sector investors. The company has a diversified portfolio with onshore and offshore operations, producing around 81 thousand barrels equivalent per day.
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Ecopetrol signed contract to buy 26% of Brava for R$23 per share
The premium is 27.8% over the average share price of the last 90 days
Brava produced an average of 81 thousand barrels equivalent per day in 2025
Bradesco holds 12.2% of Brava's capital
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Brava's stock closed down 3% at R$19.77 after the announcement
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The shares debuted on B3 in August 2024 at R$26.84
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