Toronto Stock Exchange, wholly owned by TMX Group Inc., is proud to welcome Ecopetrol S.A., to the Canadian public capital marketplace. With the listing of American Depository Receipts as of Friday, August 13 under the symbol TSX:ECP, Ecopetrol represents the latest in a series of international companies that have chosen Toronto Stock Exchange and TSX Venture Exchange.
"We are extremely proud to have Ecopetrol join Toronto Stock Exchange, reinforcing our position as a global leader in the oil and gas sector," said Kevan Cowan, President, TSX Markets and Group Head, Equities for TMX Group. "Canada is a listings destination for international companies of all sizes. As we continue to add more global listings, we expand the scope of Canada's public equity markets and contribute directly to Canada's leadership on the world stage."
TMX Group has set a new record for international listings in 2010, with 26 new companies joining Toronto Stock Exchange and TSX Venture Exchange as at July 31, 2010. The Exchanges now have a combined total of approximately 295 international listings from countries around the world.
The listing of Ecopetrol is a direct result of TMX Group's international marketing and business development activities. With world-leading expertise in natural resources, including oil and gas, mining, clean technology and the unique needs of small and mid-sized issuers, Canada's two primary public capital marketplaces are increasingly being considered by organizations of all sizes seeking to drive growth and innovation.
Ecopetrol is a Colombian crude oil and natural gas company with operations in Colombia and overseas. It is the largest company in Colombia with revenues of approximately C$12.7B in fiscal 2009 and a market capitalization on the Bolsa de Valores de Colombia of over C$76B.