Sábado, 21 de enero de 2017

| 2009/03/16 00:00

Ecopetrol to buy Enbridge stake

Ecopetrol to buy Enbridge stake

Colombian oil company Ecopetrol is willing to buy the mayority stake from Canadian energy transportation company Enbridge for more than $400 million. The deal is expected to be closed this week, as it has been approved by both companies’ boards. Ecopetrol will acquire Enbridge’s indirect 24.7% stake in the 515 mile-long pipeline that runs from Colombia’s central region to the Caribbean Sea.

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