The listing of ECOGAS Inversiones on BYMA marks a key milestone in its growth, providing it with greater visibility and access to financing.
ECOGAS Investments SA., formerly known as Central Gas Investor SAtook a significant step by officially announcing its start of trading on Argentine Stock Exchanges and Markets (BYMA), with the ticker $ECOG. This listing on the Capital Market will allow the company to access capital, obtain a more transparent and objective valuation, and enhance your visibility in front of analysts and institutional investors, among other benefits.
This milestone follows the recent listing of Distribuidora de Gas del Centro in March 2024, company controlled by ECOGAS Investments. In turn, the company is controlling Cuyana Gas Distributorwhich has been listed on BYMA for years, as well as other companies such as Energía Sudamericana SA. and GASDIFEX SA With this inclusion in the stock market, ECOGAS Inversiones advances towards a new stageobtaining greater scale and liquidity, and taking advantage of the advantages of listing on BYMA.
A milestone for the firm
ECOGAS Inversiones is dedicated to investment activities, acquiring stakes in various companies, regardless of their corporate purpose. In addition to its participation in gas distributors, ECOGAS has a federal focus and plays a key role in the economic and social development of six Argentine provinces: Córdoba, Catamarca and La Rioja (for Gas del Centro), and San Juan, San Luis and Mendoza (for Gas Cuyana).
Natalia Rivero, General Manager of Distribuidora de Gas del Centro and Distribuidora de Gas Cuyana, and Head of Market Relations at ECOGAS Inversiones, highlighted that this is a decisive step towards new opportunities and reflects the growth and consolidation of the company. In Rivero’s words, “This milestone marks the beginning of a new chapter full of opportunities and challenges in the market.”
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Gonzalo Pascual Merlo, CEO of BYMA, highlighted that one of the exchange’s objectives is to promote access to financing for the corporate sector, which contributes to economic development and job creation in Argentina. “We are focused on enhancing the conditions so that more companies can enter the Capital Market,” said Pascual Merlo.
The announcement was made at the BYMA offices, with the participation of authorities from the stock market and the station, and was accompanied by the traditional Ringing of the Bell, symbolizing this important event for ECOGAS Inversiones and the Argentine market.
Source: Ambito
