Ecopetrol Group’s Sale of Ethanol Plant

Haynes and Boone, LLP advised an Ecopetrol Group affiliate on the deal.

An Ecopetrol Group affiliate executed the sale and disposition of an ethanol fuel plant located in the U.S. The sale was conducted in the form of a competitive bid process during the COVID -19 pandemic and multiple offers were considered.

Ecopetrol, SA acts as the national oil company for Colombia and has shares listed on the Bogota Stock Exchange and on the New York Stock Exchange. The Colombian State holds a controlling interest in Ecopetrol, SA.

Andres Ramon Rodríguez-Gómez (Bogota) served as in-house counsel and advised the Ecopetrol Group on the transaction.

Haynes and Boone lawyers advising the Ecopetrol affiliate were Partner Larry Pascal (Picture), chair of the firm’s Americas Practice Group, Senior Counsel Hunt Buckley and Michael Hood, Associate Colin Cox, and Foreign Counsel Cesar Ramirez.

Involved fees earner: William Buckley – Haynes and Boone; Colin Cox – Haynes and Boone; Michael Hood – Haynes and Boone; Larry Pascal – Haynes and Boone; Cesar Ramírez del Ángel – Haynes and Boone;

Law Firms: Haynes and Boone;

Clients: Ecopetrol SA;

Author: Ambrogio Visconti