Deutsche Post DHL hires BNY Mellon as depositary bank.
Global Banking News - 11 December 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Bank of New York Mellon Corporation (BNY Mellon) (NYSE: BK) has been selected by Germany's Deutsche Post AG (Deutsche Post DHL) (XETRA: DPW) (FRA: DPB) (DPBGn.BE) (OTC: DEUPF.PK) as depositary bank for its sponsored American depositary receipt (ADR) programme.
Each Deutsche Post DHL ADR represents one ordinary share and the ADRs are traded on the US over-the-counter market under the symbol 'DPSGY.' Deutsche Post DHL's ADR programme had previously been un-sponsored and was serviced by multiple depositaries.
'Our global reach is already reflected by our global shareholder structure. Now, we would like to further increase and diversify our US investor base,' said Martin Ziegenbalg, head of Deutsche Post DHL's Investor Relations. 'We have therefore decided to implement a sponsored DR program with BNY Mellon as depositary bank,' he added.
Deutsche Post DHL is one of the world's leading mail and logistics providers with 2008 annual revenue of more than 54 billion euros. US-based BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programmes, acting in partnership with leading companies from 67 countries.
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((Distributed via M2 Communications - http://www.m2.com))
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|Publication:||Global Banking News (GBN)|
|Date:||Dec 11, 2009|
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