- Ecopetrol is Colombia's largest company by market capitalization
- Lists American Depository Receipts
TORONTO, Aug. 18 /CNW/ - 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.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
SOURCE TSX Venture Exchange
For further information: For further information: Aimee Paget, Communications Coordinator, TMX Group, 416-947-4685, email@example.com