# Gran Tierra Energy Stockholders Approve Colombian and Ecuadorian Sale

> Gran Tierra Energy stockholders approved selling Colombian and Ecuadorian businesses to Maurel & Prom for $1.33 billion, targeting December 31, 2026 closing.
- Title: Gran Tierra Energy Stockholders Approve Colombian and…
- Summary: Gran Tierra Energy stockholders approved selling Colombian and Ecuadorian businesses to Maurel & Prom for $1.33 billion, targeting December 31, 2026 closing.
- Keywords: gran tierra energy, maurel prom, colombian businesses, ecuadorian businesses, stockholders, sale, usd 1.33 billion, december 31 2026, money, business, Gran, Tierra
- Source: Financialpost — https://financialpost.com/globe-newswire/gran-tierra-energy-inc-stockholders-approve-sale-of-colombian-and-ecuadorian-businesses
- Read time: 1 min
- Topics: gran tierra energy, maurel prom, colombian businesses, ecuadorian businesses, stockholders, sale, usd 1.33 billion, december 31 2026, money, business
## Stockholder Approval
Gran Tierra Energy stockholders approved selling Colombian and Ecuadorian businesses to Maurel & Prom for approximately US$1.33 billion.
## Sale Terms
The sale includes debt assumption and is subject to adjustment, with total consideration of approximately US$1.33 billion.
## Expected Cash Proceeds
Gran Tierra expects to receive approximately US$315 million net cash proceeds from the sale.
## Payment Schedule
Approximately US$250 million payable at closing and US$65 million payable 364 days later.
## Closing Timeline
Gran Tierra targets closing the sale on or about December 31, 2026, pending regulatory approvals.
## CEO Statement
Gary Guidry, CEO, stated stockholder approval moves Gran Tierra closer to closing a transaction that will make the company debt-free.
## Post-Sale Focus
After the sale, Gran Tierra will focus on Canadian and Azerbaijan operations, pursuing new growth opportunities.
## Key takeaway

Gran Tierra Energy stockholders approved selling Colombian and Ecuadorian businesses to Maurel & Prom for $1.33 billion, with closing expected by December 31, 2026.