Mergers & Acquisitions ·
Gran Tierra Energy stockholders approve sale of Colombian and Ecuadorian businesses for approximately US$1.33 billion
GTEGran Tierra Energy Inc.
Stockholders approved the Share Purchase Agreement to sell its Colombian and Ecuadorian operations to Maurel & Prom for total consideration of approximately US$1.33 billion, including debt assumption. The company expects net cash proceeds of roughly US$315 million, with US$250 million payable at closing and US$65 million one year later. Closing is expected by December 31, 2026, subject to regulatory approvals in Colombia and Ecuador. Proceeds will be used to repay debt and potentially fund share repurchases.