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Gran Tierra Energy Shareholders Approve $1.33 Billion Sale of Colombian, Ecuadorian Businesses

Gran Tierra Energy Shareholders Approve $1.33 Billion Sale of Colombian, Ecuadorian Businesses

MT newswireMT newswire2026/10/12 10:14
06:14 AM EDT, 10/12/2026 (MT Newswires) -- Gran Tierra Energy (GTE) shareholders have approved the sale of its Colombian and Ecuadorian businesses to Maurel & Prom for about $1.33 billion, including debt, the energy company said late Friday. Gran Tierra expects to collect about $315 million in cash proceeds, of which a portion will be used for shareholder returns, it said. The company expects to be debt-free following the sale, expected to close about Dec. 31.
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