Colombian state oil company Ecopetrol launches a voluntary tender offer in Brazil for shares of Brava Energia S.A., aiming to build toward control of the company. According to the reports, Ecopetrol’s Brazilian subsidiary, Ecopetrol Investimentos do Brasil LTDA, initiates the offer on Brazil’s B3 stock exchange after obtaining approval from B3. The tender offer covers about 25% of Brava Energia. The offer price is set at R$23.00 per share, which is described as a premium of about 20.9% over the stock’s recent average. The initiative is framed as a step toward achieving a controlling stake of around 51% in Brava Energia, with subsequent actions depending on tender results and the company’s next steps under the acquisition process. The disclosures reference the tender as an equity-stake acquisition effort rather than an immediate full takeover, and they place the transaction within Ecopetrol’s broader strategy to increase its presence in Brazil’s energy sector.