GeoPark issues 42 million shares to Grupo Gilinski for Venezuela Bare Block stake at US$ 12.22 each

Reuters2026/09/03 01:30

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GeoPark agreed to buy Grupo Gilinski’s 95% stake in a holding company tied to Venezuela’s Bare Block redevelopment.
Consideration set at 42,100,000 newly issued GeoPark shares priced at US$ 12.22, implying about US$ 160 million value.
Deal terms allow up to 5,400,000 additional shares if contractual conditions improve before closing.
Grupo Gilinski expected to own 56.3% of GeoPark post-issuance, rising to about 58.4% under the adjustment mechanism.
Separate tender offer planned at US$ 12.22 per share for US$ 100 million, offering liquidity alongside the change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geopark Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20260902615438) on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GeoPark issues 42 million shares to Grupo Gilinski for Venezuela Bare Block stake at US$ 12.22 each

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