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Announced

De Jong Capital to acquire a 50% stake in Offshore International Group from Ecopetrol.

Synopsis

De Jong Capital agreed to acquire a 50% stake in Offshore International Group from Ecopetrol, the largest and primary petroleum company in Colombia. Financial terms were not disclosed. This transaction is part of Ecopetrol's non-strategic assets divestment plan and is aligned with Ecopetrol's priorities of cash protection, capital discipline and profitable and sustainable growth.

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