Petroalianza International Ltd. acquired 19.6% stake in Lupatech OFS S.A.S from Lupatech S.A. (BOVESPA:LUPA3) for $2 million on August 25, 2017. The transaction involves the obligation of Petroalianza of capitalizing Lupatech Colombia for an additional sum of $2 million reaching 36% stake in Lupatech OFS S.A.S and the grant of an option to Petroalianza to acquire the remaining stake in Lupatech Colombia for $7.8 million until November 30, 2017. The transaction was approved by the court of the judicial recovery of Grupo Lupatech. Petroalianza International Ltd. completed the acquisition of 19.6% stake in Lupatech OFS S.A.S from Lupatech S.A. (BOVESPA:LUPA3) on August 25, 2017.