Ecopetrol’s Brava Energia takeover bid sets Aug. 5 auction date, drops CADE and debenture waiver conditions

• Ecopetrol Investimentos do Brasil is seeking control of Brava Energia via a B3 tender auction set for Aug. 5, 2026.
• The offer targets 116,110,717 ordinary shares, about 25% of share capital, at BRL 23 per share, subject to corporate-action adjustments.
• The bid is tied to a separate agreement to buy 120,813,490 shares, about 26%, at a base price of BRL 24 per share.
• The transaction requires enough tendered shares to reach 51% combined ownership; otherwise no shares will be acquired in the offer.
• Settlement is scheduled for Aug. 17, 2026, eight business days after the auction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brava Energia SA published the original content used to generate this news brief on July 20, 2026, and is solely responsible for the information contained therein.