Ecopetrol Publishes Offering Notice for Its Upcoming Auction of EEB Shares

Ecopetrol has published the offering notice for another auction of the state-controlled energy giant’s equity divestment plan for its shares in Empresa de Energía de Bogota (EEB).

“The third auction is part of the second stage of the equity divestment plan and the purpose is to offer publicly, in Colombia and/or abroad, the shares that were not acquired during the first and second auctions,” said Ecopetrol in a statement.

The public offering of its EEB shares will take place before the start of common stock trading in the Colombian Stock Exchange — Bolsa de Valores de Colombia — on December 6, “in accordance with the provisions set forth in the divestment regulation and the applicable addenda,” said Ecopetrol.

Full documentation concerning the offer (in Spanish) is available on Ecopetrol’s website. The firm’s divestment plan was approved by Colombia’s government in November 2014.