MBS Value Partners announced that it has been selected as international investor relations advisors to Ecopetrol S.A., the largest company in Colombia and one of the 35 largest petroleum companies in the world.
“We are delighted to be working with Ecopetrol at this important juncture in its history,” noted Monique Skruzny and Lynn Morgen, funding partners of MBS. “We look forward to assisting Ecopetrol in fully leveraging its recent ADR listing to support the Company’s growth plans.”
On September 18, 2008, trading of Ecopetrol’s American Depositary Receipts (ADRs) began on the NYSE. The listing, which was not in connection with a new offering, follows Ecopetrol’s US $2.8 BN IPO in 2007 in which 10.1% of the Company was sold to domestic investors.