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Heading to New York: Grupo energía Bogotá Starts Its Way to List Its Actions in the u.s.
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The Grupo Energía Bogotá (GEB) aims to be listed in New York through an eventual listing of American Depositary Shares (ADS), in a movement that opens the door to its negotiation in U.S. stock exchanges and direct access by international investors.The American Depositary Shares (ADS) are shares issued by a depositary bank in the United States that represent securities of a foreign company and are traded in U.S. stock exchanges, allowing investor…
Juan Ricardo Ortega, president of GEB. Image: Ministry of Mines and Energy The Grupo Energía de Bogotá (GEB) said that it is evaluating alternatives for the financial structuring of the company and among them is the execution of an exploration plan to enlist its shares in the American Depositary Shares (ADS) in the United States, as well as its registration in the Securities and Exchange Commission (SEC).According to him, this initiative seeks t…
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