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Deutsche Bank Appointed Depositary Bank for the American Depositary Receipt Program of Marfrig Alimentos S.A.
Published on Tuesday, 07 September 2010 11:25 Written by TradersHuddle Staff
NEW YORK-( Business Wire )-Deutsche Bank today announced its appointment as depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of Marfrig Alimentos S.A. (Marfrig).
Marfrig is a food company engaged in the processing and distribution of processed, prepared and fresh beef, pork, poultry and lamb products to clients in Brazil and 100 other countries, as well as in the distribution of other food products, including frozen pre-cooked potatoes, vegetables, cold cuts and sausages, fish, ready-to-eat meals and pastas. Marfrig’s diversified and flexible operational base includes 97 plants and offices in South America, North America, Asia, Africa and Europe and it is considered one of the most globalized and diversified companies in Brazil’s food industry focused on retail and food services. Recently, Marfrig announced the acquisition of Keystone Foods, an American company in the food services industry. Marfrig expects this acquisition to improve its global platform for the manufacturing and distribution of food products.*
Marfrig’s ADRs will trade OTC under the symbol MRRTY. The company’s ordinary shares are listed on the São Paulo Stock Exchange (BM&FBOVESPA) under the symbol MRFG3. Each ADR represents one ordinary share.
“We are very glad to launch this Level I ADR Program, which adds an increased liquidity potential for the Marfrig shares,” said Ricardo Florence, Chief Planning and Investor Relations Officer at Marfrig Alimentos S.A.
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank, said, “We are very pleased to welcome Marfrig as a Deutsche Bank depositary receipts client. Our expanding base of Brazilian clients illustrates the commitment we have to this market and we look forward to providing Marfrig and its investors the highest level of service.”
*Source: Marfrig Alimentos S.A. (September 2010)
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,929 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.
The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© September 2010 Deutsche Bank AG. All rights reserved.
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Issued by press department of Deutsche Bank AG NY 60 Wall Street, New York, NY 10005 Phone +1 212 250 7171 |
Internet: http://www.db.com E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. |
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