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The Nexus
BUSINESSJun 16 · 17:43 UTCTHE RIO TIMESRichard Mann

Brazil Regulator Suspends Ecopetrol’s Brava Takeover

Brazil’s market regulator has suspended Colombia’s Ecopetrol’s takeover of oil producer Brava Energia. The regulator ordered changes to the offer, prompting Ecopetrol to appeal the ruling. Ecopetrol offered $4.50 per share to gain majority control of the company.

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Brazil’s market regulatororganizationEcopetrolorganizationBrava EnergiaorganizationColombiaplace
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