Ecopetrol is trading 4.4% up at $16.73 after restarting its voluntary tender offer to acquire a controlling stake in Brazil’s Brava Energia.

  • The company published a revised offer document on the B3 exchange incorporating CVM recommendations, reopening the bid for 116,110,717 shares (approximately 25% of Brava).
  • The auction is expected to take place on August 5, 2026, as the renewed M&A push drives increased investor optimism.