The Bank Of New York Appointed Depositary Bank For Transportadora De Gas Del Sur S.A.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 21, 2002 The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. announced today that it has been selected as successor depositary for the Transportadora de Gas del Sur S.A. (TGS) American depositary receipt American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADR ADR - Astra Digital Radio ) facility. Each TGS ADR represents five common shares. The common shares trade in Argentina on the Bolsa de Comercio de Buenos Aires See Buenos Aires Stock Exchange. , and the ADRs trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "TGS." TGS is an Argentine natural gas transportation company, operating an extensive gas pipeline system. TGS began its operations at the end of 1992, as a result of the privatization of Gas del Estado. The Bank of New York is the world's largest depositary for American and global depositary receipts, allowing non-U.S. companies to offer dollar-denominated securities to investors worldwide. The Bank currently issues depositary receipts for more than 1,400 programs representing 70 countries and accounts for 66% of all public sponsored depositary receipt programs. This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus. The Bank of New York, founded in 1784 by Alexander Hamilton, is the United States' oldest bank and is the principal subsidiary of The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK), a financial holding company. With over $80 billion in total assets as of September 30, 2002, the Company provides a complete range of banking and other financial services to corporations and individuals worldwide through its basic businesses, namely, Securities Servicing and Global Payment Services, Corporate Banking, BNY Asset Management and Private Client Services, Retail Banking, and Global Market Services. Additional information on the Company is available at www.bankofny.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion