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0 -0.00172314761631233 -0.00402067777139577 -0.0143595634692705 -0.0149339460080412 -0.0275703618609995 -0.0259276278001149 -0.0258472142446869
Stock impact report

Frontera to sell Colombian assets to Geopark for up to $400m [Yahoo! Finance]

Geopark Ltd Common Shares (GPRK) 
US:NYSE Investor Relations: geo-park.com/en/investor-support
Company Research Source: Yahoo! Finance
The agreement is being conducted through a plan of arrangement under the Business Corporations Act in British Columbia, Canada. The deal is expected to conclude in the second half of 2026, subject to shareholder and regulatory approvals. It includes an immediate payment of $375m upon closing, with an additional $25m contingent on achieving certain development milestones. Upon completion, Frontera plans to distribute approximately $370m to its shareholders, pending approval. Frontera Board of Directors chairman Gabriel de Alba said: “The board and management have focused on maximising shareholder value, unlocking approximately $1.1bn, including over $480m through dividends and buybacks. “We have also positioned the company to unlock further value through operational, strategic and debt reduction initiatives. The transaction represents a significant step and the culmination of this multi-year, shareholder-focused strategy to surface and monetise value in the E&P business.” Show less Read more
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