July 11, 2016 / 3:18 PM / 2 years ago

BRIEF-Ecopetrol creates new units in Colombia, Peru

July 11 (Reuters) - Ecopetrol SA :

* Said on Saturday creates three new units that will form part of Ecopetrol group and will contribute to 2020 strategic plans

* To create a Colombian company, 100 percent indirectly owned by Ecopetrol through Propilco SA, to which Ecopetrol will transfer its indirect stakes in Comai Ltda and Sociedad Portuaria de Oleofinas y Derivados

* To create a company based in Peru, 100 percent indirectly owned by Ecopetrol, dependent directly on Propilco and aimed at Peruvian market

* To create a Colombian company, 100 percent owned directly by Ecopetrol, in order to bring the share of 43.35 percent and litigious rights possessed by Ecopetrol in Sociedad en Inversiones de Gases de Colombia

* Says litigious rights are from an ordinary process underway in the civil chamber of the supreme court in which Ecopetrol is acting as plaintiff

Source text: bit.ly/29D8SIm

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