Gran Tierra Energy Shareholders OK $1.3 Billion Sale of Colombian, Ecuadorian Oil Businesses

01:14 AM EDT, 10/12/2026 (MT Newswires) -- Gran Tierra Energy's shareholders approved the sale of its oil business in Colombia and Ecuador to French oil and gas exploration and production company Maurel & Prom (MAU.PA) for $1.33 billion. The energy company said Oct. 10 that it expects to receive net cash proceeds of $315 million at closing, targeted for Dec. 31, and $65 million 364 days later. Gran Tierra plans to use part of the sale proceeds to buy back its own shares.