Mr. Alejandro Giraldo reports
COUNCIL OF MINISTERS ISSUES FAVORABLE OPINION ON PLANNED SALE OF STOCK PARTICIPATION OF ECOPETROL S.A. IN EMPRESA DE ENERGIA DE BOGOTA S.A. E.S.P.
As part of the requirements set forth in Law 226 of 1995, the Council of Ministers has issued a favourable opinion on the planned sale of all or part of the shares that Ecopetrol SA owns of Empresa de Energia de Bogota SA ESP, which was approved by Ecopetrol's board of directors on Aug. 14, 2014.
Ecopetrol's participation in the stock of Empresa de Energia de Bogota amounts to 631,098,000 shares of common stock (equivalent to 6.87 per cent of the subscribed and paid-up shares), and the proceeds from the sale will be used for financing the investment plan of 2015.
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