Finance / Colombia
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Ecopetrol Lists On Colombian Index As Heaviest-Weighted Company
April 2008 | IPO News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Colombia's government-controlled oil company Ecopetrol listed on the IGBC index on April 1. The company, which sold a 10.1% stake to Colombian investors in August 2007, will account for 18.32% of the index. Last year the company also launched an IPO worth US$2.7bn. The proceeds from these sales will contribute to the financing of Ecopetrol's US$60bn expansion programme.