Engineering services firm Genivar Inc. has been added to the S&P/TSX Composite Index by Standard and Poor’s.
Engineering services firm Genivar Inc. has been added to the S&P/TSX Composite Index by Standard and Poor’s.
“Being included in the S&P/TSX Composite Index is a tremendous recognition of Genivar’s progress over the past few years,” said Pierre Shoiry, president and CEO. “We are pleased with this latest milestone and look forward to the increased visibility it will provide in the capital markets.”
Listed securities eligible for inclusion in the S&P/TSX Composite Index must meet certain criteria which are based on a company’s market capitalization, share float and share liquidity relative to other stocks in the index. GENIVAR has met all the criteria and its inclusion in the index will be effective at market open on September 24, 2012.
The S&P/TSX Composite Index, which is the headline index in Canada, is an index of the stock prices of the largest companies on the Toronto Stock Exchange as measured by market capitalization.
Genivar has approximately 14,500 employees, mainly engineers, technicians, scientists and architects, as well as various environmental experts, based in more than 30 countries on all continents. Cook Engineering, which serves the pulp and paper sector, joined Genivar in 2010.
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