ECOPETROL S.A. informs about the decision adopted by the Dutch Court on the restructuring process of CB&I N.V., a subsidiary of McDermott International Ltd.
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
Company Research
Source: PR Newswire
BOGOTA, Colombia, March 22, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Refinería de Cartagena S.A.S. ("Reficar") has been notified of the decision to approve the alternative financial restructuring plan of Chicago Bridge & Iron Company N.V. ("CB&I N.V."), reached today, March 21, 2024, by the District Court of Amsterdam in the Netherlands, in charge of the restructuring process initiated on September 8, 2023 by McDermott International Ltd. ("McDermott"), on behalf of its subsidiary, CB&I N.V.Under the plan, presented by an independent expert appointed by the court, Reficar will receive, among other things, convertible preferred shares representing 19.9% of the share capital of McDermott International Ltd., holding company of a group of entities with presence in more than 54 countries which specialize in engineering services for the energy industry and low-carbon solutions and which includes CB&I N.V.With this judicial decision, Reficar has been able to
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EC
Sec Filings
- 5/13/24 - Form 6-K
- 5/10/24 - Form 6-K
- 5/8/24 - Form 6-K
- EC's page on the SEC website