Gran Tierra Energy Inc. Stockholders Approve Sale of Colombian and Ecuadorian Businesses

Gran Tierra Energy Inc.'s stockholders have approved the sale of its Colombian and Ecuadorian businesses to Maurel & Prom for approximately $1.33 billion, including assumed debt. The sale agreement was originally entered into on August 5, 2026. According to Investing.com, the vote at a special stockholder meeting showed 19,351,115 votes in favor of the sale, with 32,492 votes against and 7,328 abstentions.

The transaction is expected to yield net cash proceeds of approximately $315 million, with $250 million payable at closing and $65 million payable 364 days later. Upon closing, Gran Tierra expects to be debt-free, with plans to return capital to stockholders and fund its Canadian and Azerbaijan portfolios.

The sale still requires regulatory approvals in Colombia and Ecuador, along with other customary closing conditions. The company's President and Chief Executive Officer, Gary Guidry, stated that the approval moves the company a step closer to closing the transaction, which will realize value for its Colombian and Ecuadorian businesses.

Brief written by urgent.news from Financial Post, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.