(Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Bogota-based Ecopetrol reached an agreement with JPMorgan Chase Bank N.A., the depositary bank of its American Depositary Receipts (ADR) program, to reduce 50% of the conversion cost for the purchase and sale of ADRs in the US.
The measure is temporary and is expected to be effective until 10 Jul. 2025, Ecopetrol said 15 Jan. 2025 in an official statement, adding that it “trusts that this measure will benefit its investors.”
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
