Gran Tierra Energy has announced that its stockholders have approved the previously announced sale of Gran Tierra’s Colombian and Ecuadorian businesses to Maurel & Prom for total consideration of approx. US$1.33 billion, including the assumption of debt and subject to adjustment. The vote took place at the Company’s special meeting of stockholders held on October 9, 2026. The Sale is to be effected pursuant to the Share Sale and Purchase Agreement entered into on August 5, 2026. Gran Tierra expects to receive total net cash proceeds from the Sale of approx. US$315 million, of which approx. US$250 million is payable on closing and approx. US$65 million is payable 364 days thereafter.
'We thank our stockholders for their support of the Sale,' said Gary Guidry, President and Chief Executive Officer of Gran Tierra. 'Today’s approval moves us a step closer to closing a transaction that realizes value for our Colombian and Ecuadorian businesses. On closing, Gran Tierra expects to be debt free, with the flexibility to return capital to stockholders and fund our Canadian and Azerbaijan portfolios.'
Source: Gran Tierra Energy
