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Ecopetrol Partners with Liquidity Providers to Enhance Trading Conditions on Colombian Exchange

Benzinga·03/03/2025 12:00:07
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Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) ("Ecopetrol" or the "Company") announces that, in compliance with Article 2.9.17.1.8 of Decree 2555 of 2010, it has implemented a market maker program for Ecopetrol's shares listed on the Colombian Stock Exchange, for a 12-month period. Ecopetrol has entered into agreements with Valores Bancolombia S.A. Comisionista de Bolsa and Andes Investment Group Inc., a subsidiary of the Chilean group Larraín Vial, as liquidity providers. The program is expected to commence upon completion of the applicable procedures with the Colombian Stock Exchange.

 

With this program, Ecopetrol aims to contribute to the improvement of trading conditions, price formation, depth and liquidity of its shares in Colombia, thereby strengthening the Colombian capital markets and generating value for its shareholders.