UK-listed shares of Gran Tierra jump after $1.33 billion South American asset sale
05/08/2026 09:48
BUZZ-UK-listed shares of Gran Tierra jump after $1.33 billion South American asset sale ** UK-listed shares of Gran Tierra Energy GTE.L GTE.TO rise 31.1% to 675p
** Gran Tierra Energy to sell its Colombian and Ecuadorean operations to Maurel & Prom for $1.33 billion, including debt
** Gran Tierra plans to return part of the proceeds to shareholders through share buybacks
** Peel Hunt analysts called the asset sale "transformational, reshaping Gran Tierra's portfolio," while reiterating a "buy" rating and 1,119p price target
** YTD, GTE up ~65%
(Reporting by Anushka Chourasia in Bengaluru)
Recent news on Gran Tierra Energy
See all newsGran Tierra Energy - Director/PDMR Shareholding
Brief: Gran Tierra Energy Stockholders Approve Sale Of Colombian And Ecuadorian Businesses
Gran Tierra Energy Inc. Stockholders Approve Sale of Colombian and Ecuadorian Businesses
Corrected: CANADA RESEARCH ROUNDUP-Air Canada, Cogeco, Telus Corporation
Brief: Gran Tierra Energy Inc. Announces Ratification Of Its Onshore Exploration, Development And Production Sharing Agreement In Azerbaijan