Gran Tierra shareholders approve sale of Colombia and Ecuador businesses
Gran Tierra shareholders approved the previously announced sale on October 9; the transaction remains subject to regulatory approvals.
Event / data period: 2026-10-09
Published: · Updated:
Gran Tierra Energy said its shareholders approved on October 9 the sale of its Colombian and Ecuadorian businesses to Maurel & Prom. The company put total consideration, including assumed debt, at approximately US$1.33 billion.
Gran Tierra expects net cash proceeds of about US$315 million: roughly US$250 million at closing and US$65 million 364 days later. The sale has not closed; regulatory approvals in Colombia and Ecuador and other closing conditions remain outstanding.
Data
Shareholder approval for the sale
Shareholder vote and remaining closing conditions as reported by Gran Tierra.
- · Occurred
Shareholder approval
Shareholders approved the previously announced sale; closing conditions remain.
Methodology
Amounts are company-reported estimates of consideration and cash proceeds; the sale is not completed.
Updated:
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