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Financial News: COLOMBIA: Ecopetrol To Liquidate Subordinate Companies In

COLOMBIA: Ecopetrol To Liquidate Subordinate Companies In Spain And Germany

08/27/2017 - 16:10:00 (RTTNews)

(RTTNews) - Colombia's Ecopetrol reported that, as part of the reviewing process of the group's corporate structure, it authorized the liquidation of Ecopetrol Global Capital, established in Spain, of which it controls 100%. At the moment, this company does not carry out any activity and is no longer necessary for the Colombian state-owned oil company.

Ecopetrol also authorized the liquidation of ECP Oil and Gas Germany, established in Germany, in which the Colombian company indirectly holds 100% of the shareholding through its Spanish subsidiary Ecopetrol Global Energy.

In a statement, the Colombian oil company said that the final settlement would be made once the cancellation of the registration of its Angola's branch is concluded.

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