Gran Tierra Energy holds special shareholder meeting on Colombia, Ecuador asset sale
GTE•Gran Tierra Energy stockholders approved the sale of its Colombian and Ecuadorian businesses to Maurel & Prom, valued at about $1.33 billion including assumed debt, subject to adjustments. The sale has not closed, and the company still targets closing on or about Dec. 31, 2026, pending remaining conditions.
1. Sale approved
Gran Tierra held a special stockholder meeting on Oct. 9, 2026, where stockholders approved the sale of its Colombian and Ecuadorian businesses to Maurel & Prom. The transaction is valued at about $1.33 billion including assumed debt, subject to adjustments, and has not closed. Stockholders also authorized an adjournment of the meeting, while an advisory resolution on sale-related named executive officer compensation failed to pass. Gran Tierra still targets closing on or about Dec. 31, 2026, pending remaining conditions.
