Divestiture/carve-outAug 5, 2026Pending
🇨🇭 Switzerland
GTGran Tierra Energy International Holdings GmbH and subsidiaries (Gran Tierra's Colombia and Ecuador business)MPMaurel & Prom
Energy › Oil & Gas Production
Enterprise value$1.33BEnterprise value
AnnouncedAug 5, 2026
ConsiderationCash and stock
StructureOther
RegionEurope
Cross-borderYes
Contingent paymentNo
Overview
Gran Tierra Energy agreed to sell its Colombia and Ecuador oil and gas business to Maurel & Prom for total consideration of approximately $1.33 billion. The consideration consists of cash, assumption of debt and a pre-payment facility, and assumption of a note payable.
Deal rationale
The Gran Tierra board determined the sale advisable given the purchase price, the strategic and financial benefits, and the prospects of the retained Canada and Azerbaijan business, with proceeds used to substantially eliminate debt.
AI-generated from the SEC filingPendingEnergy › Oil & Gas ProductionSwitzerlandEurope
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $1.33B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
None listed
Sell-side
BOBank of America
Parties
Target
GTGran Tierra Energy International Holdings GmbH and subsidiaries (Gran Tierra's Colombia and Ecuador business)
- Headquarters
- Switzerland
- Ticker
- —
Acquirer
MPMaurel & Prom
- Headquarters
- France
- Ticker
- —
Seller
GTGran Tierra Energy Inc.
- Headquarters
- —
- Ticker
- —